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If you follow me would know that I have been watching ZM. I was targeting. 335/325 and made an entry in the 350 zone. I took profits at 364 and got stopped out on the remainder on the drop back to 324. I have since re-entered and now looking to add with todays look on the break of this basing pattern. Stock has some range so plan risk carefully. Hope the detail helps explain my process and trade management. Make sure to go back to my previous post to see how the plan played out.
Comment:
Strong pre-market. Taking some off at 400/411
Comment:
Took some off at 401. Moved stops up below 364.
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@Karzon, Cool..it's extremely important that you feel comfortable with your entries. If you disagree with my entry that's awesome b/c it tells me you have a plan.
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@WadeYendall, so far you are right on! Love the confidence and Shade lol
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@muthumukil16, I'm not giving signals here. I am showing my process. As I noted on the chart I like this setup for and add to my position. The setup fits my plan and trading rules. Price has based and is making a higher high. Once those conditions are satisfied I look for a precise entry with risk control. A buy off the pull back to the blue line works for me. Make sure you have a similar plan and rules before any entry. DM me if you have any questions and I'll try to help.
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