EYES Trade on Mar 5, 2021 10:31 from Jrow3: Tradervue User Stock Trades.

Trade Idea:
- This ticker was holding ascending support which it just fought through.
- It made a double bottom at $3.16 and I was looking for the subsequent first 1min candle to make a new high. This price was at $3.32

Risk/Reward:
- Reward: First TP at $3.39 - the HOD, then $3.5
- Risk: SL at $3.16 then $3.25 upon addition

Position Sizing:
- $3.25 held up as resistance as it was tested on the ask. It broke through and held on the bid during the retest. I took an entry at $3.27 with 100 shares because it was an indication of strength and was a correct feeler position in anticipation of a further move. My SL was $0.11 below this entry and my size allows for $0.18 at this point.
- The candle which I entered did not make a fresh 1min high so on the subsequent one when it made a high above $3.3 I added an additional 100 shares at $3.31. My SL moved up to $3.25 which would have been a fresh intracandle low. (My average cost upon addition was $3.27)

Trade Management:
- As $3.31 was surpassed we had an initial micro-hesitation but subsequent momentum poured in and it flashed to $3.37 where I sold on the ask. This was a premature exit in hindsight as I should have waited for a test of $3.39 to see if we would get continuation.
- $3.39 was broken and made a temporary high of $3.44. As it retraced from this high $3.39 actually did not hold on the bid but I stayed strong and let it breathe given it was not near my entry.
- The second candle from my initial entry opened and my target was a break of $4.5. Upon the second test it broke and I sold on the ask at $3.54
- My second to last exit was a function of $3.5 not holding on the bid - inherent weakness
- My last exit was confirmation that this weak trend was in control.

After Trade Thoughts and What I Learned:
- I thought my entries were creative but objective in their creation. It wasn’t a cookie cutter trade setup but I maximized on the opportunity. This was a higher quality B setup so I could have taken it in my live account. I was hesitant to do so because I did not perform the best on the stock prior and the market was still overall slow at this point. The point from this trade that I want to work to improve upon was patience in regard to my first TP. Overall I was happy with this trade and executed a nice ladder into my position which is a recent point of development I am working on.