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Today we look at BABA on the 2 minute chart. After establishing context, Clay discusses how to properly alert it if you decided to. We determine that we’re going to use a panic buy to go long into the pullback. The chart shows previous resistance which we know turns into support generally and it also coincides with one of our key moving averages. We set up a trade plan with an entry and stop loss and then see that some people get their entry after 10 minutes. Some people cancel their orders and some were filled initially. Some are stopped out who had a close stop loss but we see a cliff point begins to form for a second trade. We see that many get filled before the price completely collapses. It also goes much further past our initial target. If you had closed the position at that target you left a lot of money on the table. It’s bigger wins like this that pay for many small losers.