CETX Trade on Mar 10, 2021 09:35 from Jrow3: Tradervue User Stock Trades.

Trade Idea
- I wanted to catch the first 1min to make on a new high as CETX made the first pullback following a move from $2.8 to $4.
- I wanted to scale in 75 shares w/ a SL below $3.75 and add an additional 75 shares if it tested $4.00 w/ strength

Risk Reward:
Ideal entry at $3.77 but I got a poor fill - my limit order was too high and I got filled high
I was actually filled at $2.83
Reward: TP on a push through $4
Risk: SL as it broke $3.75

Position Size:
- I wanted to scale into 150 shares which would have allowed for ~$0.11 of heat.
My initial share size of 75 shares allows for $0.25
- I took an initial small position and looked to scale in bc the first 1min to make a new high is not enough confirmation for a decent position so I looked to average up with more confluence.

Trade Management:
- I did not recognize that I got filled so high. I assumed I was filled at $3.77 which was a mistake. My L2 gave me faulty data as I entered which was the reason for my confusion. My trade recap clearly shows that it stalled at $3.77 as I entered but somehow was filled $0.05 higher. Either way it did not show momentum to $4 and I had to cut my loss as it broke below $3.75

Final Thoughts and What I Learned:
I kept my limit order at a price which I could keep adding to and getting filled so I didn't have to adjust as I went. This caused a high fill on my first entry and something I will learn from. Additionally, my practice in effortlessly cutting my loss was a great reinforcing experience.