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this was a descent trade. I followed the dip on the bull flag on the 1 minute chart, and tried to jump aboard once i started seeing buyers going above the ask in T/S. Obviously I did not cat the bulk of the leg up, but i tried to get at least 10 cents from the scalp.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2021-09-17 11:55:37 | WKSP | 372 | $8.460 | 372 |
2021-09-17 11:56:37 | WKSP | -93 | $8.555 | 279 |
2021-09-17 11:57:02 | WKSP | -279 | $8.532 | 0 |
Im on Das Trader with TD Ameritrade.. I have a hotkey that buys 95% of my BP (Alt + L). I buy as i see volume come in. and sell with another hot key partials ( Alt +C 1/4 position on bid-3c) and then cut it when i see it stall out (Alt+Z 100% position on bid -3c).
These do work out for me. But i have one big problem.. I dont have consistent R. Im going to move towards Kyles Hotkeys to have consistent R on trades.
Okay great! That makes sense. I'm on ThinkOrSwim and want to configure to trade in that manner; taking off as it goes up. Good to see you more experienced guys are already doing it like that. Cheers! Have a great trading week.
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Nice one! For these scalps, do you find yourself using a tighter stop loss, or do you let them breathe. I'm thinking given R:R is usually 2:1 or 1.5:1, is that how you approach it or maybe you're just super quick on the hotkeys?