Well, that didnt work.
I had 150 152.50-153.50 down for potential resistance.
When BABA retested previous made high I saw the decision-candle form and waited for the next candle to open.
It dropped for a moment, but found a bid. I was already short and BABA made a fast move up and I was too slow to get my exit.
Stuck with it and planned to add into 151.
I watched it and when it flagged out I though it might make another move up. I even noticed the spike above 150.50 and hard reject, but did not trust it for an add.
I mean, there is no more perfect decision and rejection than that!!! Come on!
Eventually took off at break even as I figured that I do not deserve to be in this trade as my entry was so bad and I missed my exit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-14 12:07:00 | BABA | sell | $149.820 | short |
2019-01-14 13:04:00 | BABA | buy | $149.860 | 0 |
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