MSFT Trade on Sep 24, 2020 10:34 from tjmiller2001: Tradervue User Stock Trades.

Entered calls right above VWAP, level broke quickly.

Placed an order to exit at break even, order filled and the name consolidated near VWAP before faking out downwards and then a strong up move.

At first glance this looks like a weak exit. However, knowing my RR, I would've been stopped out on the giant red 7:38 candle, preventing me from staying in during the big up move.

I need to be able to identify strong exits not based on what price action does after I exit, but based on some kind of measurable rule or logic at the time of the exit. It's easy to judge a good entry on plays like this. Did you get filled near VWAP? If so, good job. But I need a new way to evaluate the strength of my exits.

Good trade with strong exit, would take again

Lesson Learned: Continue to set your orders early and let price come to you. Don't scramble to try to get an order fill like I used to do. This improvement was the reason this trade wasn't a loser.