Shared by
boldandnuts
Market opened with pure chop. No direction whatsoever. Market in between any levels to trade off of.
For $BABA I had 144 142 140 139 for support and 150 152.50s with is MAs and 154.50 above that for resistance.
$BABA didn't quite make it far enough to the MAs for a reject I was wiliing to take. However I saw it reject 151 twice before and on the next retest I gave it a stab with a quarter tier.
Turned out to be a nice Resistance Play.
My profits were a little too early, but I used the 50 cent to lock in some profit at least.
Next exit I was more patient, but could have given it muuuuuch more room.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-11-14 10:07:00 | BABA | sell | $151.010 | short |
| 2018-11-14 10:08:00 | BABA | buy | $150.550 | short |
| 2018-11-14 10:16:00 | BABA | buy | $150.030 | short |
| 2018-11-14 10:17:00 | BABA | buy | $149.980 | 0 |
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