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 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.
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.
The stock was going up pretty much for the whole day and I took it short at the break and hold under 21 EMA for a scalp.
Worked out ok in the end