ZNGA Trade on May 7, 2015 12:48 from ToqueX: Tradervue User Stock Trades.

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Grade=F

The setup: afternoon fade

The result: It wasn't a good candidate for a fade or drop here because it was a gapper and had also shown strength. I shouldn't have reacted to this small, meaningless dip intraday until there was some real weakness in the picture which never came and was unlikely with a momentum name like this after recent earnings. More evidence would be needed before attempting such a wild manoeuvre.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-05-07 12:48:50	ZNGA	sell	$2.740	short
2015-05-07 12:48:50	ZNGA	sell	$2.740	short
2015-05-07 14:05:19	ZNGA	buy	$2.780	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ZNGA&trade=2484618&end=20150606&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ZNGA&trade=2484618&end=20150507160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ZNGA&trade=2484618&end=20150507160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ZNGA&trade=2484618&end=20150507140919&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

ZNGA Trade on May 7, 2015 12:48 from ToqueX: Tradervue User Stock Trades.

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