Shared by
I_Maric
Fortunately i was stopped out at break even after leaving trading desk.
Entry was not perfect.
Market order entry.
Target was 122$.
Based on OPTION VOLUME STRIKE PRICE Baba should push to 125$-130$
Becaus of that information i was confident taking Long position at Market expecting move uptrougut thenday.
To NOTICE AT TIME OF TAKING THE TRADE BABA WAS ABOVE INTRADAY KEY LEVE ON 5min TF AND ABOVE YESTERDAY OPEN PRICE CAMDLE WITH OUTSTANDING VOL.
Right idea about potential direction,bad decision about stop price at break evenn.
Should set stop below intraday KEY LEVEL.
AT THIS POINT IT WAS BREAK EVEN DAY FOR ME!
Reason why i did that break even stop.
Next time i need to take risk at that great setups that gives me god edge.
Stay positive and focused!
Move on!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-12-06 11:26:26 | BABA | buy | $120.160 | long |
| 2021-12-06 12:24:19 | BABA | sell | $120.160 | 0 |
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