Identify The Trade
$ATAI caught my attention when it started ripping up hard and I was eager to take a position. So eager that I took a position too early before I could define the strategy that I wanted to use.
Choose The Strategy
As $ATAI continued to zoom, I was given a few minutes to actually develop a strategy with risk levels and targets. So when the $3.00 psychological level was hit, I could execute.
Setup, Entry and Exit
Execute The Trade
I took a second position at a much better Risk:Reward with proper exit and targets in my sights. Because of the early entry my average was not great at all, but as the chart shows, I got lucky on this one and fate was on my side.
