INTC Trade on Oct 12, 2020 09:56 from tjmiller2001: Tradervue User Stock Trades.

INTC was up premarket and making higher lows on the 5m since the open.

I scaled in well right above VWAP and at the bottom of a diagonal uptrending trendline. I had a 3:1 RR and the idea was, if I was wrong, I would know quickly.

When VWAP didn't hold, I got out quick. I love how easy it is to exit shares compared to options contracts.

I think it would be helpful to look at the 5m as well as my usual 1m chart to get a better idea of the price action.

Instead of scaling in based on price and a lwoer price, I should've entered my first share based on price and the second after/if I saw a turn and a green 1m candle with volume.

Lesson Learned: Look at multiple timeframes at once to understand intraday price action better. Don't just scale in based on price. Scale in when you see a turn/confirmation of the move.