Thesis: GoTo and Tiktok agree on E-Commerce strategic partnership to drive the progress of Indonesian MSMEs; Tiktok to invest ~$1.5B in JV with GOTO's Tokopedia; Program launches Dec 12, 2023 to coincide with National Online Shopping Day (Harbolnas).
Stop: Placed my stop-loss below contraction low at 36.65 (Interactive Brokers Chart)
Entry: I have entered position after the breakout candle closed with LMT order did not want to chase the price.
Targets: end of the 1st and 2nd wave.
Breakeven point: was set after 2 minutes. Price came back under 37 level and I have decided to adjust my exit at breakeven having doubts that the price will follow.
Profit taking: -----
Comments: I may need to expect a pullback before the real move starts.
Lessons: I start to see more pullbacks in this trade prior to the real move but at the same time I would often see an exit possibility within the 1st move due to weaker character.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-12-11 09:47:50 | SE | buy | $37.040 | long |
2023-12-11 09:49:32 | SE | sell | $37.070 | 0 |
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