Taking advantage of what appeared to be a Cat 3 "relief" day, entered a single paper trade during pre-market and closed approximately 1.25 hours later. If a true Cat 3 day then this is leaving a significant amount of profit on the table. In the future, at least 2 contracts will be purchased, doubling up on standard risk. The first will be sold when the momentum of the move appears to subside. The second will be held, with an aggressive stop, until a reversal is spotted, the trade is stopped out, or until the close of the day.
One other note: a minute chart was nearly perfect to predict a local maxima for exit on the first contract today. It would not be sufficient to spot max/min for a cat 1 day, because they would happen over a much shorter period of time. A 15 second bar or so might be needed for this. Think or Swim does not offer this, but ninja trader might in terms of tick charts, which might have a whole 'nother utility of their own in terms of displaying market action!
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