When BABA came to retest 167 I watched closely. Market was ranging and there was no real volume in BABA either. It traded above 167 and when it dropped I jumped back in, but got some slippage. I stuck with it under worries it would lift back. Stop was tight though above highs.
It worked out and dropped. When it stalled at .65 I took my partial as the market did not allow to make a call on direction. My target of .50 was hit moments later. As usual.
Took more off into the EMAs, but again could have waited for a 1m candle break its predecessors high for same and better exit.
Then BABA for some reason spiked up and moved fast. Of course I was stopped out on a spike at break-even. yay :-/ At least it did not roll over to new lows and break of VWAP.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-08 11:29:00 | BABA | sell | $166.920 | short |
2019-02-08 11:32:00 | BABA | buy | $166.650 | short |
2019-02-08 11:38:00 | BABA | buy | $166.340 | short |
2019-02-08 11:44:00 | BABA | buy | $166.880 | 0 |
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