GTT Trade on Mar 10, 2021 10:12 from Jrow3: Tradervue User Stock Trades.

Trade Idea
Made a strong move from $2.48 to $2.62. I did not recognize it at the time but this was the third pullback after breaking the ABCD/Wedge setup. I usually do not trade these because they fail more often than prior pullbacks. I anticipated the first 1min to make a new high and was looking to add to my position as it broke highs but this never happened and I exited with a very small position.

Risk/Reward:
Reward: break above $2.63 before exiting
Risk: $2.5 hard SL but knew if it failed below $2.56 - a low that was made on the candle after my entry, I would have to sell

Position Size:
I was looking to size into 150 shares potentially off 3 entries as I received confluence.
This never happened so my loss was extremely small

Trade Management:
From my entry - the next candle was indecisive and the second candle after my entry made a high at $2.62, a cent below the HOD. At that point I knew it was not that strong and anticipated the failure from that level. As it made a first 1min candle to make a fresh low I exited and took a marginal loss.

Final Thoughts and What I Learned:
In hindsight I did not notice it was a third pullback so I need to be better about staying present and seeing the bigger picture other than the fact that it was an opportunistic setup. I kept the loss small bc I am trying to ladder in as I receive sound confluence.