Shared by
WizardKing
PLAY: WEDGE BREAK ON INTRADAY POV
KEY LEVEL: 640,642(HOD)
Did I follow my stop loss rules? Yes, I set the initial stop at 638
Entry(Notes): On my chart, the wedge broke, so I entered on the pullback. Defined risk once again. Once it started breaking out, I averaged up on strength. Too bad, it wasn't a momentum pop play, but more of a gradual uptrend play.
Exit(Notes): Looking back, yes I got shaken out. But who knew if it was going to dip even more? So locked in my profits on the 1st contract, and exited the 2nd contract for breakeven.
Chart:
5 Min: 
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-04-15 12:28:18 | APR16 21 640 CALL | buy | $6.000 | long |
| 2021-04-15 12:40:17 | APR16 21 640 CALL | buy | $7.500 | long |
| 2021-04-15 12:54:24 | APR16 21 640 CALL | sell | $7.500 | 0 |
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