I kept watching BABA when 158 broke to look out for a Decision-Candle and the Top. 158.50 was tested and rejected but I did not trust it and kept watching it. There was no clean Decision-Candle, so I watched for something on the Backside.
This was a bit lucky and I used the drop from .40s as an entry, but wished to had seen a retest of the half dollar.
Stop above highs at 158.50ish.
First profit target was 158, but saw hesitation at .10ish and was luckily filled.
Now I was hesitant on the retest, but stuck to my trade and did not take it off break-even. Good call. There was even a beautiful Decision-Candle forming before the hard selloff that had allowed for an add. Did not take it. Triggershy and pussy as usual.
Scaled out ok, but could have given it more time and room to play out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-28 11:33:00 | BABA | sell | $158.360 | short |
2019-01-28 11:35:00 | BABA | buy | $158.120 | short |
2019-01-28 11:40:00 | BABA | buy | $157.920 | short |
2019-01-28 11:42:00 | BABA | buy | $157.670 | short |
2019-01-28 11:46:00 | BABA | buy | $157.460 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!