I did not trade well and was somehow not in game as the market was not moving today.
I had 156 down for resistance and 158 above.
Once BABA got close I took a stab way too early and without further confirmation. It moved slow. For whatever reason I took it off above 156 taking a loss just to re-enter and eventually sticking with it.
It traded so slowly that I did not trust the backside for an add. Clearly missed it. Grow some balls, markus!
It found support at 155.50 and consolidated I even found a good spot to add to the trade. Good call.
However my stop was too tight and I stopped out break-even. Just moments before it rolled over.
Do you think I came up with the idea of jumping back in??? No, just sat there and watched it in frustration.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-17 09:54:00 | BABA | sell | $155.770 | short |
2019-01-17 09:55:00 | BABA | buy | $156.020 | 0 |
2019-01-17 09:55:00 | BABA | sell | $155.940 | short |
2019-01-17 10:03:00 | BABA | buy | $155.490 | short |
2019-01-17 10:13:00 | BABA | sell | $155.550 | short |
2019-01-17 10:16:00 | BABA | buy | $155.660 | 0 |
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