This trade almost killed me. I made so many mistakes here. Unbelievable.
My first pivot was 136 and I traded in and out of it here, but ended up with 60 shares. Did not take my loss which I really should have. I gambled!!! BAAAD decision.
BABA turned out to be hell of strong.
The next pivot was 137.75, but I already added at 137.40 instead of waiting for any kind of confirmation. There was none until 138.50 where I had the next pivot.
My adds at 137.40 and 137.87 were just stupid! Wait for confirmation!!! Resistance by Pivot, Consolidation above full/half dollar, Decision-Candle forming, High RSI, High TICK, Big Order etc. THEN add!
I did better on the next two adds. Although inbetween pivots, next being EMA20 on DAily at 141, I added at decision candles. The first did not break and I entered too early. Next I did good
BABA wasnt done and just traded down to find support at 139 before making another move high to the EMA20.
Again I added too early on retest of previous highs. Added more size at 140.50 and ignored the spike into 141 which I had in mind originally when starting the day. Just great markus.
BABA eventually sold off. Took losses and the trade off towards break even. Had way too much size.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-04 09:59:00 | BABA | sell | $135.980 | short |
2019-01-04 10:01:00 | BABA | sell | $136.000 | short |
2019-01-04 10:01:00 | BABA | buy | $136.050 | short |
2019-01-04 10:01:00 | BABA | sell | $135.980 | short |
2019-01-04 10:01:00 | BABA | buy | $136.050 | short |
2019-01-04 10:22:00 | BABA | sell | $137.400 | short |
2019-01-04 10:24:00 | BABA | sell | $137.870 | short |
2019-01-04 10:30:00 | BABA | sell | $138.690 | short |
2019-01-04 10:52:00 | BABA | sell | $139.620 | short |
2019-01-04 11:00:00 | BABA | sell | $139.980 | short |
2019-01-04 12:09:00 | BABA | sell | $140.410 | short |
2019-01-04 12:19:00 | BABA | sell | $140.740 | short |
2019-01-04 12:24:00 | BABA | sell | $140.760 | short |
2019-01-04 12:32:00 | BABA | buy | $140.310 | short |
2019-01-04 12:52:00 | BABA | buy | $140.020 | short |
2019-01-04 12:54:00 | BABA | buy | $139.850 | short |
2019-01-04 12:57:00 | BABA | buy | $139.610 | short |
2019-01-04 12:58:00 | BABA | buy | $139.720 | short |
2019-01-04 13:18:00 | BABA | buy | $139.430 | short |
2019-01-04 13:19:00 | BABA | buy | $139.544 | 0 |
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