the lost on this trade is high because of the error i made in quantity when i brought it. The risk was 2.78664X more than what I initally intended.
273/2.78664 = $97.97
Hate this trade I understand the strategy in play it was the 15m 9ema recovery. but I already knew this stock was trending in a very clear zone and I shouldn't have taken this unless it broke said zone this was not a clean 15m ema recovery play because of those things.
my exit was very smart because I recognized this within seconds of being in the trade and got out as fast as I could lmao
This was a great entry based off the 5 and volume, we enterend on the next break of prev high was a technical wedge/flag/penant basiclaly a bullish break after short consolidation along with good volume and rel strong market
Exit was also terrific I noticed the selling pressure from the 5 and got out at the top of the short term, I won't be able to hit a trade like that consistently more than likely but my exit was great and based off of visual "tops" and my entry was a smart entry due to volume and price action
Overall great trade
Entry was terrible I got in after the break of the prev wick high on a big green on 5m bad trade I want to eliminate this type of trade from my trading, although I was up 5 dollars this will eventually be a red trade without a doubt.
my exit on the tradde came after a big red off a key level decent exit but I should not have been in this trade