ZFGN Trade on Oct 19, 2015 12:01 from rsteckly: Tradervue User Stock Trades.

Gravatar

Shared by
rsteckly

 

Macro situation:
SPY and the indices seemed neutral--trading in a range. So I just focused on setups without a bias.

My thinking here was that it had gapped up, had some strong volume in the beginning. Then I saw it fade, cross over the VWAP and EMAs, but remount.

I don't really understand ZFGN's price action. I needed to do more research on what was happening in the stock. I'm realizing more and more you need to be able to understand the market structure and incentives of the participants of a particular stock to have 'edge'. The problem here is that I didn't really understand what was driving the situation.

So I longed the remount. What could have told me the remount was going to fail?

VOLUME. There was none. This was taking a trade to trade, not pursuing a great opportunity.


Execution detail:

Date/time Symbol Side Price Position
2015-10-19 12:01:18 ZFGN buy $11.380 long
2015-10-19 12:01:18 ZFGN buy $11.380 long
2015-10-19 12:01:18 ZFGN buy $11.380 long
2015-10-19 12:01:19 ZFGN buy $11.400 long
2015-10-19 12:01:19 ZFGN buy $11.400 long
2015-10-19 12:01:19 ZFGN buy $11.400 long
2015-10-19 12:01:19 ZFGN buy $11.420 long
2015-10-19 12:01:19 ZFGN buy $11.380 long
2015-10-19 12:01:19 ZFGN buy $11.380 long
2015-10-19 12:01:19 ZFGN buy $11.380 long
2015-10-19 12:01:19 ZFGN buy $11.400 long
2015-10-19 12:01:19 ZFGN buy $11.390 long
2015-10-19 12:07:06 ZFGN sell $11.250 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in