Shared by
LeoXiong
The position was working initially but it didn't last and hit my stop loss target, 2 cents below the session low, so I got out...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-11-13 11:59:50 | ZAZA | buy | $3.540 | long |
| 2014-11-13 12:20:10 | ZAZA | sell | $3.430 | 0 |
Comments
LeoXiong
No indicator. I played ZAZA simply due to the candle and I set my stop right below the previous low. It's simply a RR play of the low. It had such a powerful gap in the morning so I was anticipate for a rally off the low.
Nape_BOWS
Notice the price action. Every bounce was getting sold off. Also look at the history of this stock on the daily chart. Every time this stock gets a nice pop on the daily chart is fades back, that's why you have those wicks there... better to short it at the open with a bear flag setup...
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Hey buddy I see you had a great pick but too early on the trade.
Not sure but what I see here is:
1) low volume = low movement
2)lunch time... 12pm is death, you got no great opportunities until around 2pm as it starts making lager movements.
What's the indicator you were looking at here to decide to buy? I can't see well..
Cheers