I sold ZUMZ on Wednesday 2/22/17 at 19.85 which is a tiny winner from 19.60 entry. Took a closer look at the action in ZUMZ, and this looks to be an instance of “thought there was something better than there really was”, and that’s a pretty bad reason for trading a stock.
My rationale for buying was average at best. Specifically looking at the volume, while above average which triggered the Buy idea, was not “major” volume in that there have been several green bars of large volume above my trigger in the past few months. After analyzing recent winning and losing trades, I am Looking to only get involved in stocks with “major” volume as a trigger going forward. Ie a green bar with the highest volume in the past 6 months, 9 months, or year. Very happy to eek out a small profit on this one.