Another micro scalp. perfect entry. Could of hung onto her for a bit longer. But I'm looking for 2:1 on my trades. I was at 1.5R+ and she was puttering out. i knew the shorts were going to step in and take profit. Decided to close the trade and at least be up .5R if i took a loss on the next trade. Take profits when you can, not when you have to is a motto i live by. If i miss a bigger move because I'm in tune with the overall market, and the market is telling me to exit. so be it. Can always build another position if a trend continues.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-17 09:46:05 | 19 JUN 20 56 PUT | buy | $1.300 | long |
2020-06-17 09:56:51 | 19 JUN 20 56 PUT | sell | $1.450 | 0 |
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