BABA Trade on Nov 26, 2018 10:02 from boldandnuts: Tradervue User Stock Trades.

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boldandnuts

 

Good idea, bad execution in $BABA

Volume in BABA was low as well and it traded high out of the open. Grinding I must say. I had 154.50 as first resistance but ignored it as it was too close to VWAP.

I was patient and placed a limit order at 155.50 that was filled to the penny. BABA respected that level when making a run into it and showed some hesitation to move further.

My first partial was way too early. I took a partial even though I had the full dollar in mind as first target. Took the trade off break-even. Bad call as it was just a retest for a hard reject to reach 154.80 support before making the next leg up.


Execution detail:

Date/time Symbol Side Price Position
2018-11-26 10:02:00 BABA sell $155.480 short
2018-11-26 10:03:00 BABA buy $155.300 short
2018-11-26 10:05:00 BABA buy $155.480 0


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