Just kidding. I love Zillow's fundamentals, though. It beats earning reports for more than a year and a half. And the Assets to Liabilities ratio continues to stay strong.
The housing market is not in the best shape, but ongoing partnerships and new revenue stream projects, such as more focus on the rental market, are helping the company so far.
With that in mind, I saw an opportunity today, so I entered my position at $52.01 after seeing the recent decline while currently maintaining the price around the 50 EMA. I believe my loss-to-profit ratio is currently pretty high, but I'm willing to risk a 2% loss.
I want to stick to this plan, but it depends on how long it will dash around my stop loss area; I might give it a little bit more room as I'm willing to give it a lot of room for the upside.
The housing market is not in the best shape, but ongoing partnerships and new revenue stream projects, such as more focus on the rental market, are helping the company so far.
With that in mind, I saw an opportunity today, so I entered my position at $52.01 after seeing the recent decline while currently maintaining the price around the 50 EMA. I believe my loss-to-profit ratio is currently pretty high, but I'm willing to risk a 2% loss.
I want to stick to this plan, but it depends on how long it will dash around my stop loss area; I might give it a little bit more room as I'm willing to give it a lot of room for the upside.
Trade closed: stop reached:
Well, the house betting didn't go as planned. Got out with my stop loss at the start of the day.