Great daily chart, volume expansion the previous day and was near its breakout spot of 14.99. Stock opened strong dipped to 14.72 which quickly got bought and volume was coming in thick and fast so i decided to take this over the previous high of yesterday, 13.80 with a stop below low of today around 13.68. However it moved so quick i got filled at .92 on a market order so decided to trim position size down. Sold half at 15.11. Stock was still strong, sold another half off at 15.25 and decided to keep 150 shares for lotto. I felt the stock was get too extended intraday, went too far too fast and was due a pullback so i decided to sell the last 150 off at .29. I would have revisted but i could only trade for 1hr due to work.I think my entry could have been a lot better on this trade giving a better risk to reward but still took a decent profit from it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-25 09:43:18 | ZLC | buy | $14.920 | long |
2013-09-25 10:00:34 | ZLC | sell | $15.110 | long |
2013-09-25 10:00:37 | ZLC | sell | $15.110 | long |
2013-09-25 10:07:10 | ZLC | sell | $15.250 | long |
2013-09-25 10:08:46 | ZLC | sell | $15.290 | 0 |
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