WHY: Previous day runner, Held $7 support and knew shorts were in this heavier after it broke down below 7.30 level. Broke back above this level and VWAP/TL on strong bull candle. Close above VWAP on 5 min so confirmed for an entry.
HOW: Bought in tier 1, was waiting to add bigger size on break of 7.7. Missed my entry and thing halted up. Had a limit sell at 8.93, was looking for an opportunity to add more size beforehand and did not see a clear entry. Sell limit was hit. Stop was under 7.30.
WHAT: There was a re-entry on pullbacj under 8 at 7.90s with stop under 7.80, but hesitated on that. Could to lead to a nice Tradetotarget at highs, would have kept a piece to see if it could break 9.
Risk: .25
RR: 5:1
Total R: 5R
Percentage of full size: 33%
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-11-09 10:20:52 | PPSI | buy | $7.540 | long |
2021-11-09 10:33:03 | PPSI | sell | $8.930 | 0 |
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what a great exit