ZNGA Trade on Feb 3, 2014 14:12 from johnc_BOWS: Tradervue User Stock Trades.

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johnc_BOWS

Visual Review:

Short

http://i.imgur.com/j9Glx1C.png

http://i.imgur.com/8QiF4A3.png

http://i.imgur.com/928P2v6.png

Long

http://i.imgur.com/qmsnA3i.png

http://i.imgur.com/68SFrrD.png

http://i.imgur.com/BZsgJEl.png

The long is terrible. It would've needed a better base in order for it to be considered a squeeze zone. Maribeth says you should always have at least 2 reasons to enter a trade. In this case, my only reason was that it broke the intraday flag. But there's no volume coming in, no base. Daily chart could go either way, and obviously the short was a possibility so daily can't be used as support for both. Market conditions were also choppy, so $SPY conditions doesn't count as a reason either.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-03 14:12:16	ZNGA	buy	$4.440	long
2014-02-03 14:28:03	ZNGA	sell	$4.370	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ZNGA&trade=834583&end=20140305&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ZNGA&trade=834583&end=20140203160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ZNGA&trade=834583&end=20140203160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ZNGA&trade=834583&end=20140703&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

ZNGA Trade on Feb 3, 2014 14:12 from johnc_BOWS: Tradervue User Stock Trades.

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