ZS Trade on Mar 27, 2023 09:30 from kgauvin25: Tradervue User Stock Trades.

Takeaways (3):
1. Liquidity: Way too spready going into break, not worth taking especially with no catalyst
- Should have known this before as a $114 stocks trading AV 2.75m --> this should have been expected to be spready
2. Market - Most important Layer of Probability when ticker not in play: Market was not supporting and this was purely a technical trade
- Market most important layer of probability when name
3. Wrong Daily Level: $113 was the inside trigger level NOT $114
- The weaker the daily the less probabilistic the trade is of working and combined with no catalyst ---> have to be super selective

Market Summary:
- Indice misalignment continues
- QQQ trying to break 315 Res
- SPY trying to recapture 400 and this channel break
- IWM back into equilibrium with more room until 21 (space b/w 21 and 8 pretty wide rn)
- Keep in mind rn QQQ remains the strongest and if $SPY gets back above 400, longs are favorited until then could go either way
- With ST in upper hafl but still some r2 redzone we could seeing buying today but have to let the techicals prove it
- Decent gap up so might have to correct before occuring

$ZS - software - tech Breakout, Daily I&U, Inside 5
- No catalyst
- Growth, Maybe Momo, Might be thin, MC 16B, ATR 5.7, AV 2.75m, SI 8%
- Plan: Through 114 Daily Shooter with 8 EMA caught up ahead of Daily IF 115
- Execution:
- off the open was holding above $113 which was the correct level to be using and then started to push
- I got long through $114
- Once I was in noticed spreads real bad and now if I get stopped my P/L will be much greater than expected
- Got my risk covered and as began to pull back spreads werre just staying so bad
- I made a decision to just hit out the rest and come out breakeven, and if spreads tightened up, the market looked good, and I got a signal I would get back in
- I felt I made a good R/R decison to get out as felt scared hwoever waited too long
- I am not saying this cuz I would have been up more just thinnk --> if spreads are wide and my actual P/L will now be way bigger than intended just get the frick out now and if spreads tighten up and new setup comes in I can always get back in
- It was pointless of me holding once decision already made
- Real time Thoughts:
- I got lucky this thing was very spready
- This was really not ideal as I am watching this fall this could easily spread through my stop
- I hit out for a flat trade the spreads scared the crap out of me
- " I used the when and doubt get out
- I made a decision nothing I can do about it
- 8 EMA was catching up everything about this was great accept
- Rewatch:
- Spreads were 30 cents going into this
- Level break
- Pushed away rel quickly which is what like to see
- Failure
- Notice how as we get to $115 bids are not stepping up
- If people are to really buy this up this spread should tighten up under this level