Shared by
boldandnuts
What a beautiful trade in $BABA. Unfortunately I sold it way too early missing most of the run.
$BABA really sold off out of the Open and my levels for support were 142.50 which first held, but I missed. Luckily as it broke shortly after. Below that I had 141.50 140 and 137.50s.
I took a first starter rather blindly on the crack of 140. Thought it might spike below and back up. It didn't.
Not too worried I used 139 for the next add, just to add lower. $BABA would eventually bounce I thóught after such a run down.
My second and last add turned out to be great. $BABA spiked a little lower and bounced really hard on huge volume. WOW.
The first partial I took into 140 and up to 141 the rest to eventually take off the final piece as I thought BABA would make a bigger pullback.
It did not and ran all the rest of the day. I watched it occasionally. Ok trade. Never thought it would make such a move.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-11-01 10:04:00 | BABA | buy | $139.850 | long |
| 2018-11-01 10:08:00 | BABA | buy | $139.020 | long |
| 2018-11-01 10:10:00 | BABA | sell | $139.950 | long |
| 2018-11-01 10:11:00 | BABA | sell | $140.540 | long |
| 2018-11-01 10:12:00 | BABA | sell | $140.860 | long |
| 2018-11-01 10:14:00 | BABA | sell | $140.630 | 0 |
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