Shared by
TianYu_BOWS
First time to trade this BABA.
I watch it at the pre-market for a while.
And think it's a readable stock.
As it open,I know I'm wrong.
Normally, those stock I traded I expect maximum 5 cents lost if a hold bid break out.
This BABA,though it looks like a tight spread stock, it drop 30 cents when the hold bid drop.
So as I see 79.00 didn't hold I close and flip my position to short.
I swear no stock above 50 USD another time.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-05-05 09:32:05 | BABA | buy | $79.560 | long |
| 2016-05-05 09:32:05 | BABA | buy | $79.560 | long |
| 2016-05-05 09:32:05 | BABA | buy | $79.560 | long |
| 2016-05-05 09:32:36 | BABA | sell | $79.573 | long |
| 2016-05-05 09:32:36 | BABA | sell | $79.580 | long |
| 2016-05-05 09:32:36 | BABA | sell | $79.600 | 0 |
| 2016-05-05 09:34:36 | BABA | buy | $79.270 | long |
| 2016-05-05 09:36:09 | BABA | sell | $79.020 | 0 |
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