RKT was squeezing/ breaking out to the upside. Tight tight risk on this play. The hgher it got the riskier the trade was so i wasnt loking to add or anthing along those lines. Was looking for a quick i and out play as long as the r/r was super super tight. Was able to get a 3/1 r/r still risking 30 cents or the bottom of the candle i entered whihc was also the minor support on the consolidation i was playing. Little upset i wasnt able to catch the real major break out but thats my own fault for being away from the desk. I can keep playing these quick in and out saclps with one tier as long as i keep the r/r super tigt and always pre planned exit no matter what.
Trade checklist Y/N Notes
Was this a trade planned from the morning notes? yes Not the exact trade but RKT was on watch
Did i enter with my correct starting tier? yes
Did i follow the entry plan i had going into the trade? yes
Did i enter off confirmation from the tape? no
Did i enter off a technical level? yes
Did i enter off a technical level combined with the tape? yes
Did i size out correctly? yes
Did i let this one trade trigger 25% of my daily stop? no
Was I realizing and accepting my current emotions during this trade? yes
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-02 14:02:02 | RKT | buy | $38.850 | long |
2021-03-02 14:02:06 | RKT | sell | $38.741 | long |
2021-03-02 14:02:06 | RKT | sell | $38.741 | 0 |
2021-03-02 14:02:09 | RKT | buy | $38.830 | long |
2021-03-02 14:03:14 | RKT | sell | $39.870 | 0 |
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