Shared by
war7056
A Quality Set-up! Resistance level fade on 5min chart.
Nice trade management. Great first entry but level was retested, so didn't want stock to turn against me so I stopped out. ( Would have been a great ADD to position. Stuck with trade due to weakness and was able to capture over 1pt of profit on 2nd entry.
Trade with trend....Daily and weekly weak.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-10-26 09:51:00 | BABA | sell | $141.834 | short |
| 2018-10-26 09:58:00 | BABA | buy | $141.880 | 0 |
| 2018-10-26 10:00:00 | BABA | sell | $141.560 | short |
| 2018-10-26 10:05:00 | BABA | buy | $140.440 | 0 |
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