MESZ9 Trade on Dec 16, 2019 14:47 from kerobo0000: Tradervue User Stock Trades.

-morning prep: A
-market prep: A
-stock prep: A
-level of focus: B (found it difficult to focus in on tape)

Rationale:
-ADD diverging from SPY move since around 9:45a/10a

Trade Strategy:
-enter when price breaks below VWAP and retests VWAP (may break above VWAP) while there is selling exhaustion on the $TICK

How much risk should/did I take?
-risked 1-1.25pts per contract / $10-15 total

Recap / Trade Management:
-entry triggered really late in the trading session
-entered as price broke above VWAP on a bounce
-had a few opportunities to take off for small 1pt gain but was looking for 3-4pts (or down to the PMH of 3190)

What did I do well?
-stalk trade, and have a good entry

How could I have traded this better?
-think target needs to be 2-3pts on these divergence trades, as I scale in more, I can begin to leave runners on
-may have had my stops too close, really didn't like how price made a higher low then a higher high before breaking back down below VWAP
-maybe market was too strong (and with catalyst) for this trade to work; explore past examples when ADD opens lower OR past examples when this trade signals entry earlier in the day

What did the tape look like during the most important moments intraday?
-NA; saw some selling pressure on SPY level 2 while I was in the trade

Where could I have been responsibly bigger?
-right at my initial entry; if stop had a bit more room, I had 2-3 more opportunities to add but it was late in the trading day

Gain/loss relative to expected gain/loss:
-net loss of -$12 in-line with expectations