AAPL Trade on May 24, 2021 09:52 from tjmiller2001: Tradervue User Stock Trades.

AAPL opened very strong with 8 straight green 1m candles. I wanted to get long at VWAP if that level held. I missed the first bounce at 9:50 but priced pulled back and I got my fill at 9:52 right before it started moving up. Great fight for price.

After I got long with a 3:1 RR, AAPL took off briefly then showed relative weakness to SPY.

Around this time, /ES was headed towards 3 hour supply. I knew I wanted to be long SPY calls if that /ES level broke on the way from 4184 to the next supply at 4197. Instead of playing SPy calls, I knew that AAPL trades like the overall market often so I figured AAPL calls would be the best way to play this.

So I decided not to take profits at my 3:1 RR level if /ES broke resistance and instead use a trailing stop. That was my trade management while the position was open.

As AAPL kept showing relative weakness to SPY, I moved my stop to breakeven. I was concerned with AAPL falling harder than the market if the /ES supply zone proved to be resistance.

At 9:57 I was stopped out with AAPL acting much weaker than /ES but still holding above VWAP. I planned that my reentry would be if the resistance trendline on AAPL broke, preferably at a time when /ES was over 4184 and showing strength.

An appropriate reentry rule would've been if VWAP held for AAPL. I missed out on a strong up move bc I didn't take a reentry. Adjusting my reentry criteria would fix that in the future.

Lesson Learned: Know when your trade thesis is truly broken. With AAPL holding VWAP, that may be more significant than the relative weakness that convinced me to sell.