BABA Trade on Nov 5, 2018 09:30 from boldandnuts: Tradervue User Stock Trades.

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boldandnuts

 

$BABA gapped a bit lower over the weekend, but not much. Did not really like the levels, but it found support at its EMA9 at 144.65.

I had 145.50 as premarket support and a bias short below it originally marked. As well as 144 142.50 and around 140 below that. For resistance above 147.50 seemed of significance as well as 150 and 152.25.

$BABA broke 145.50 during premarket as we go closer to the open and found support again at 144.65. Here $BABA bounced hard into the open and looked strong.

When I saw it pull back and looked like it would hold the bid I gave it a shot at 145.50 for a long.

Great Entry as $BABA immediately reversed higher and I took off half into 146.70s.

$BABA sold off and broke lower, but respected the 144.65 support to the penny. I stuck with my remaining shares and watched it trade higher and took another partial at 147.80s.

Unfortunately and that really hurt I missed the spike into 149 to take the last piece off. Real bummer.

Stuck with the rest instead of taking it off even though I had a clear signal to do so. Wanted to let it play out just to take it off below 147.


Execution detail:

Date/time Symbol Side Price Position
2018-11-05 09:30:00 BABA buy $145.670 long
2018-11-05 09:31:00 BABA sell $146.740 long
2018-11-05 09:34:00 BABA sell $147.790 long
2018-11-05 09:49:00 BABA sell $146.660 0


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