ZS had a nice reversal setup with a nice 5 day top at 53.44-.48. I waited all day until SPY made a move higher with some volume breaking HOD, ZS had relative stregnth just about all day and once we got the SPY move, i got my entry on new HOD + HTF level break. SPY was moving along nicely as was ZS, until it wasnt, SPY pulled back and lost prev HOD, couldnt hold anything, ZS followed and lost 1st TL, then HTF level, then other TL, then prev HOD and knew I should be out. Stop loss got skipped and lost an extra .09 - .10 cents on exit. Annoying but i knew my process was right.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-03-05 11:10:48 | ZS | buy | $53.430 | long |
2020-03-05 11:10:57 | ZS | buy | $53.430 | long |
2020-03-05 11:11:46 | ZS | buy | $53.510 | long |
2020-03-05 11:38:54 | ZS | sell | $53.180 | 0 |
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