BABA Trade on Nov 6, 2018 10:16 from boldandnuts: Tradervue User Stock Trades.

$BABA again for a Double Top

When $BABA made another attempt higher I thought about a Backside-Trade and a lower high. So when $BABA made a stop at 149.50 I opened a starter.

Either it would drop lower for my first target at 149 or retest 150 and show some reaction there.

$BABA pulled back a little but regained strength to make the run for 150 where I did not place an order, but rather watch its reaction. Also in case it would run higher to 150.50 my next level.

In the first moment I thought I missed my chance for an add, but it retested and rejected 150 in several attempts.

Add#2 at 150

My Entry was bad at 149.80 as my Offer was not filled.

Fakeout at break-even

Really not my day. I should have paid more attention to the chart. $BABA put in a nice drop to 149.50 and I missed my partial as I “hoped” it would crack that level. $BABA found some sort of support here and put in a little consolidation and BACKSIDE-OPPORTUNITY. As I was so worried about a move higher, $SPYs SMA200 still above and possible target for the day, that I took off half. Just to watch $BABA drop really hard to 149.

Profit below 149

On the spike into 149 I took a first partial.

Unfortunately I did take off the rest in a fake move to the upside. Amateur move, Markus.

Better to call it a day.

$BABA eventually traded down to 147.50s