Shared by
Rick-BOWS
This trade was just dumb. I thought I saw some upside, buying as it approached the breakout, but I didn't have a lot of confidence in it. I sold out flat before it could make a move either was as it just didn't feel right and I felt like I was forcing the trade. I didn't want to close out the day empty handed, which is a pretty stupid reason to take a trade. Turns out that on a short term I may have been able to make a little, but more likely I would have lost on the late day fade. If I had conviction in it as a swing trade I could have made a pretty good trade as it moved up to $4.50 over the next couple of days. Next!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-08 14:59:41 | ZGNX | buy | $3.840 | long |
| 2014-01-08 15:07:37 | ZGNX | sell | $3.840 | 0 |
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no real pattern there. see it had been dipping and then ripping all day. u boubth high of day after it had already and like 7 flags and been riding higher all day. if unwanted it. get it lower. the odss of 10 stirahg patterns working on a stock are pretty small.