Shared by
shindigBOWS
Enter on positive volume, could have held longer and then shorted on the parabola
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-07-18 09:30:00 | ZLC | buy | $9.300 | long |
| 2013-07-18 09:53:00 | ZLC | sell | $9.510 | 0 |
Comments
shindigBOWS
I do have the hurry up and sell on profit bug....hahaha
I should have shorted it after I sold and it ran up....parabolic!
JoJoTrades
he bought right at the open and got in the opening rip...SWEET entry AND exit. exit was absolutely perfect.
hold shares for the homerun? O.O
sure yes, it ripped more after that, but thats a RARE case. usually these morning rips are faded...at least to a pullback of some sort. if anything, best idea is to sell at the perfect sell spot at top of first morning rip (which he did), then re-enter on pullback if the flag/pull looks good. those pulls can be DEEP sometimes...and sometimes they don't bounce back and fail instead!
what I'm basically saying is that your exit was perfect imo lol. just missed the re-entry for another crazy run...but who nkows if these things are gonna run more, or fail badly (which it did after the second run!!!!!!!!!!!!!)
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Good job.. Hold a few shares for the homerun next time.