BABA zoom out perspective observation

13 בנוב׳ 2020

Just to get some perspective, I zoomed out to BABA 14 month trend channel/s. The most striking observation to me, was the total volume of shares sold in only the past 2 weeks. It was 325 million, which is historically abnormal, even way more than in March. hmm, curious. Do your own due diligence, your risk is 100% your responsibility. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading 101*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets

7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
tradingview.com/u/growerik/

15 בנוב׳ 2020

הערה

This week ending 11/20 is monthly options expiry, Q3 earnings completion & JD earnings 11/16 am, so more likely than not, expect some big moves.

17 בנוב׳ 2020

הערה

*speculative play* It looks like BABA has bean beaten down enough now. It’s been moving Kinda sideways for 3 days. Plus, with the surprise news effect we saw on TSLA yesterday, I just entered a low equity risk (High technical risk) play on a couple BABA $265 call 11/20, just for fun and luck if they pan out...

18 בנוב׳ 2020

הערה

It’s time to go long shares. And even long calls, but only a small fraction of equity value bc there’s a high risk for a draw down / loss. Current share price is sitting right above 200EMA, volume ema has turned up, RSI is oversold. And to state the obvious, from a fundamental analysis, BABA is a deal now in relation to it’s earnings and revenue growth.

18 בנוב׳ 2020

הערה

Eloquent new article on the nuts and bolts of BABA: seekingalpha.com/article/4389900-rare-opportunity-to-get-on-baba-train

18 בנוב׳ 2020

עסקה פעילה

Looking for a good entry on a 12/18 $240 call today.

18 בנוב׳ 2020

העסקה בוטלה באופן ידני

That didn't work out, lol. liquidated 11/20 calls at 9:31

18 בנוב׳ 2020

הערה

$240, 250 & 260 12/18 calls

20 בנוב׳ 2020

הערה

I'm actually anticipating a huge weekend gap jump for Monday. Unfortunately, it looks like China economy is the only one growing +% for the near future. I just added a bunch of 282.5call11/27 at 9:50am. This is speculative, only low equity risk. I don't want to wake up Monday to a gigantic pop I missed. Ha. If it doesn't do a weekend jump I'll just liquidate and it is what it is.