I am not sure why I entered this particular stock at this time.

In hindsight, I can see that the price was just under the 21 EMA and I entered long just 10 cents below 21 EMA. It did work in the end. Was a good scalp.

The market bounced really hard because of the surprise news by the Feds. They cut the price in order to make sure the US economy does not get affected too much by Coronavirus.

I jumped in this trade as soon as I saw the market rip. Clearly it was the FOMO trade that worked out well.

There was a bit of a pattern there too as the price bounced of of pre-market lows and left a bottoming tale on the 1 minute chart. The price rested the next minute and it was a good long entry at the break of this resting candle.

I took a different approach on this trade.

The price was going lower and then it pivoted and made a higher low and instead of getting in long at the break of the pivot, I went long at the fist candle that made a new high after the higher low pivot.

This gave me a little bit room to partial out of my position and surprisingly it did not break the high of the original pivot and I stopped out at breakeven on the rest of the shares. The price was holding up 21 EMA but it just did not work.

I took the exact same position where I got stopped out on before and this time it worked.

I took my profits right at the top of the spike so got lucky there.

I was going for SL30 but I got bad entry.

Next time, I wil lwait for the stock to go bck to 21 EMA and confirm that it is the resistance and then go short as close as I can to the 21 EMA.