This stock was brought to my attention through Kunal via the Chat-room. Pulled up the chart, saw that it was basing on low volume, candles had tight range. Volume began to pick up, popped above the 9ema. Got in.
Place stop @ 58.70 (.20c risk)
Did not scale out according to my rules because Maribeth has said that when trading a small account, whenever you are up $100/$200 sell the whole position and begin looking for other setups. Small gains add up quickly. that's what I did. Sold the whole position instead of scaling out.
$160 Profit
Reward-to-Risk = 8:1
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-25 11:58:54 | ZU | buy | $58.900 | long |
2014-02-25 12:04:19 | ZU | sell | $60.500 | 0 |
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Damn. Nicely done. I hit this one earlier in the day. I should have kept it on my radar.