This was a good managed trade, I get a little impatient when stocks are moving a little bit slower but I am able to read them way better and react quicker. This trade might have had a tighter stop than it needed, the 2.15 "bottom of 'B' would have been a better risk level. I did see an ABCD pattern form in the 1 min chart, and got in at a dip.

Entry: I saw that this stock was forming an ABCD pattern on the 1 min chart. I got in in a small position size and wanted to risk the 2.20 level, for a target price of around 2.40.

Exit: I saw that is had a little spiked pulled back then attemped to spike again to get stuffed at the same level, this worried me and I was not longer comfortable in the trade. I wanted to get out to protect myself

Pros:

• I followed my risk exit price
• didnt "chase" the move
• small position size

Cons:

• risk level was too tight