Shared by
boldandnuts
Started my position waaaay too early. BABA had a buyer and traded slowly higher. For my first entry I was too early as the bid on the lows of the small candle never dropped. Stuck with it as it traded up quickly and should have taken my loss immediately!
170.50 was a pivot and I had placed an offer just below that for an add.
171 eventually was the level that held.
After BABA trade above it and consolidated I watched the backside and saw it make slow higher highs and higher lows, just as it does before dropping like a hot stone.
It did, but I waited for momentum and break of support area to break. More size, Markus!!!
Average wasn't great and I took my losses close to the average. Bad trade
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-02-19 10:09:00 | BABA | sell | $169.720 | short |
| 2019-02-19 10:17:00 | BABA | sell | $170.480 | short |
| 2019-02-19 10:54:00 | BABA | sell | $170.960 | short |
| 2019-02-19 10:56:00 | BABA | buy | $170.650 | short |
| 2019-02-19 10:58:00 | BABA | buy | $170.580 | short |
| 2019-02-19 11:30:00 | BABA | buy | $170.560 | 0 |
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