BABA - Attempt to retrace its high

Writing this as an example to friends of why its so important to put in a "Stop Loss" in every position that you're holding overnight or even long term.

In this scenario I bought at the top and held the position for five years, waiting for a bottom to form.
1st Purchase: 12-29-2020 - (30) Shares @ 231.30
2nd Purchase: 05-23-2024 - (30) Shares @ 81.91
3rd Purchase: 11-14-2024 - (20) Shares @ 90.54

This is where we are at today. I have a method of trying to identify the completion of a bottom. Then use Wyckoff method to figure out where is the spring phase to catch good pricing.

Then I've been adding to the loss position to lower my long-term loss and hopefully come out with a profit. "RED Dotted Line labeled AVG COST"

As of today 03-05-2025 this holding is at a $278.29 Profit. Not bad for holding 5 years just to make almost $300 dollars profit but better yet.
Valuable lessons learned both as a trader/investor:
1. Keep your losses short, put in a Stop Loss once the order has been filled or when opening the position
2. Pride - the market doesn't care if you're right or wrong. Its your pride and ego that's stopping you from admitting the trade is working against you and action needs to be taken.
3. Pride - you're not going to catch the absolute Top or Bottom. The Trend is your Friend, ride that wave until you get stopped out at a HAPPY Profit.

Either way, like I tell anyone who wants to start trading or investing. The market will show you what you need to improve on. Its important to keep a trading log, creating a trading plan, and most importantly - LIMIT your LOSES.