Good trade. Scalped a quick move.
Broke above HOD and an uptrending triangle pattern with high volume on the 1m chart. This was my trigger to enter. My intention was to get in and be ready to get out immediately if momentum was lost. Stayed in for 2 mins then saw that price action was stalling, I wasn't looking to overstay my welcome so I got out quick.
I was able to think quickly on my feet here, which is rare for me. Usually, I freeze when quick decision-making is necessary.
Lesson Learned: It would've been smart to reenter a few mins later when the 9 EMA held as support, I could've used a tight stop and the RR looked good here. All about staying open-minded for new opportunities after an exit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-10 09:49:05 | AAPL | buy | $121.700 | long |
2020-12-10 09:51:07 | AAPL | sell | $122.105 | 0 |
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