This was a quick trade but wasn't a good trade.
The price was stuck between a short range between pre-market high and a level that I marked of of daily.
Also the price was almost running into VWAP, 21 EMA and pre-market high resistance so this is why going long here was a bad idea.
There was no strategy here. I just anticipated that the price will plow through VWAP, 21 EMA and pre-market high so I went long here but the resistance, obviously, was too strong and I got stopped out.
I took a bigger loss. I should've exited when price held below previous day close and also below a major support.
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.