AAL Trade on Aug 12, 2020 10:12 from tjmiller2001: Tradervue User Stock Trades.

Tried to play VWAP rejection, this ticker rejected VWAP down to the penny the day before and I was looking to fight for price and short it near VWAP. My entry was amazing, the best entry I've ever had, got my put at VWAP.

I mentally struggled with putting on risk even though my entry was great, this is something I need to work on. I felt a lot better after price started to move downward.

My stop loss was a 1m close above VWAP. This gave me an amazing RR but was likely too tight. Instead I should've made my stop a break of the downward trendline because that gave me more wiggle room while maintaining a strong RR.

I followed my trade rules well, exiting as soon as my stop was hit. That ended up being the top tick and it fell sharply from there.

Looking back on it, a $5 loss could've been a $60 gain if I stayed in. But hindsight is 20/20. I learned a great lesson for only $5:

Fight for price so you can afford a more generous stop loss while maintaining a strong RR.
Size up on plays where your entry price is strong.
Set reasonable stop losses by allowing plays to tick over/under the VWAP a little bit, especially if on low volume.