BABA Trade on Feb 7, 2019 11:00 from boldandnuts: Tradervue User Stock Trades.

Well, that ended badly.

I had 167.50 down for support. That broke and I patiently watched until BABA really looked extended.

It tested and respected 167 and stalled there and I eventually had the balls to take a starter to have a wonderful entry. Wow! BABA bounced and I took partials into .50 and .75.

Then I was insecure as I wanted to see it to VWAP. Do I take it off? Breakeven? Original stop? Would it make a double bottom? dip deeper to bounce?

Solution: Hard stop break-even once you took first partial!!!

Then watch for signal long to re-enter! There was none in hindsight. many attempts but not what you would have wanted to see.

I stuck with the trade and BABA sold off HARD. Lows broke.

BABA bounced off 165.50 and I added for the break of 166. Too early.

It dropped to 165 and I missed my next add and was stuck with a bad average.

Great call to take off the trade at break even.

BABA grinded even lower as SPY took out lows and many support levels.