BABA Trade on Dec 14, 2018 10:03 from boldandnuts: Tradervue User Stock Trades.

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boldandnuts

 

Not the best trade, but great entry. When BABA looked strong I took half a tier for the break of 148, but was a bit too early. I did not wait for the offer to actually lift, but entered when I saw the Bid come closer to the offer, narrowing. Bid retested .95 before narrowing again and the offer finally lifting.
First target was a great call. Watched the tape closely and hit the high.
Expected BABA to pull back and retest 148.
Unfortunately BABA was just weak and dropped through it like a stone. I could have either taken a loss or stick with it. What I did. Watched it at VWAP when it held, but did not re-add for whatever reason. Lightened up as I found it plausible a retest of 148 might get sold. BABA broke through and I took rest off above .50 when it looke extended. BABA made another leg up though...


Execution detail:

Date/time Symbol Side Price Position
2018-12-14 10:03:00 BABA buy $148.000 long
2018-12-14 10:04:00 BABA sell $148.320 long
2018-12-14 10:17:00 BABA sell $148.010 long
2018-12-14 10:21:00 BABA sell $148.600 0


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