Opening range 5min breakdown. Worked absolutely perfect. Could have waited a little longer to scale out but you cant go broke taking profits. Good for $100. Nice morning.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-11-21 09:38:26 | ZLC | sell | $5.860 | short |
2012-11-21 09:40:05 | ZLC | buy | $5.686 | short |
2012-11-21 09:42:05 | ZLC | buy | $5.570 | short |
2012-11-21 09:43:01 | ZLC | buy | $5.570 | short |
2012-11-21 09:43:01 | ZLC | buy | $5.570 | 0 |
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Nice trades. We trade 85% of the same stocks but I get in much earlier and stay much longer. I trade them as GAPS not breakdowns.
You are getting into your trades pretty late, stay away from DAILY CHARTS that GAP TOO.
For these kind of GAPS, only trade them in the direct of the GAP
Your problem is Money Management, it can easily be fixed so you can stay in the trade longer and get more $$$
Contact Me I'll show you a few things - DCook007@gmail.com
This is my good deed for the Year. Lol