Shared by
boldandnuts
BABA started strong and spiked out of the Open.
I had 152.50-153.50 down for resistance and 156 above that.
When BABA rejected 153 and came back down I used the crack of 153 for my entry, but had a bad fill. I was clearly too slow and BABA traded very volatile and wild.
Due to its wide moves I put my first target at the half dollar and was eventually filled.
Took rest off towards my break-even as I did not want to get stuck in it in case it made anoter leg up to 156...
My 152 target hit at last. Trade would have worked out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-15 09:36:00 | BABA | sell | $152.880 | short |
| 2019-01-15 09:38:00 | BABA | buy | $152.530 | short |
| 2019-01-15 09:39:00 | BABA | buy | $152.790 | 0 |
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