My theory was the breakout was weak and it looked like the momo was fading but was wrong. No regret taking the trade but should have downsized when it was holding and HOD stuffing(blow out candle) occurred smacked the bids!!!!
Later the day I covered emotionally into push. This is artistic part of trading when it was hanging above VWAP doesn't mean it was bullish or could continued uptrend, obvious there were selling pressure up there. But I stuck to the plan and didn't want to turn a winner into a loser so I covered breakeven.
Trying to capture the top after 12pm. Bad trade because risk reward stinks!!!! the ONLY trade in this situation is ss into abnormal para otherwise stay away from ss!!! Glad that I learned from experience that the "magnitude of pullback" is weak so I covered! CP has good execution. If using ST maybe I couldn't get out.
One important takeaway is for small cap, LOD to HOD is a bullish signal!!! LONG!!!!!
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