Entry & Trade Management:
The setup was executed correctly and the entry was good. The entry could have been better if I used the 2 min chart along with 5 min chart. I would get in earlier. I was not patient enough as the stock never broke my exit point for the next 40 min where the stock made new high. I just did not have the nerve that was impacted by yesterday biggest loss.
6.53 - Good but slightly far below the VWAP.
6.9 - YY High
6.98 - Y High
Risk to Reward:
Risk 19 cents
Reward 18 cents (1:1 Bad)
Reward 26 cents (1:1.4 Bad)
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