Shared by
7carpileups
Plan: Big selloff (oversold) on Friday news of didi delisting. I was expecting a correction on Monday
Execution: I was correct. BABA up 7% before 0930. I waited for confirmation on my theory and got in at good position and sold all at first resistance line around $116.
Hindsight: BABA was showing good strength to the upside. Had small pullback (to be expected) at first resistance line and I sold out. Should have stayed with it or added to position. As the chart shows it made another big move up that I was not part of.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-12-06 09:34:26 | BABA | buy | $114.203 | long |
| 2021-12-06 09:34:27 | BABA | buy | $114.210 | long |
| 2021-12-06 09:34:42 | BABA | buy | $113.980 | long |
| 2021-12-06 09:34:48 | BABA | buy | $114.040 | long |
| 2021-12-06 09:36:47 | BABA | buy | $113.980 | long |
| 2021-12-06 09:36:47 | BABA | buy | $113.980 | long |
| 2021-12-06 09:38:55 | BABA | sell | $115.825 | 0 |
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