DAL Trade on Apr 13, 2023 10:07 from Dandres: Tradervue User Stock Trades.

PREMARKET
- Found on bear bull live, Gappers list above 2% with catalyst, 1mil share volume.
- Saw that it was running below but close to the VWAP for a possible VWAP trade.
- I thought it be best for it to get closer to the VWAP before getting in to the trade because at the time it was like 25c away from it.
- Plan was to short if it got closer to the VWAP with a profit target close to $32.54, i didnt know where to put my stop loss, either above or below vwap bc it was already considerably like 30 cents away from it.
- I was planning to wait for the 10-15 OR to die.
OPEN
- The stock didnt get closer to the VWAP and so i was hesitant to get into it because I didnt know where to put my stop loss, I guess this should have been found out before open.
- What ended up happening was that the stock dropped and then gradually ran up but didnt break the big red candle. Then it didnt it again but lower and then again but lower. It started developing ABCD patterns that I didnt notice earlier. But then again its not like I was going to change my plan mid way down.
- I actually got in when the stock was trying to reverse from the daily $32.54 daily level to the VWAP because i was seeing the dojis develop around the $32.50-60 mark. I had the right idea but got stopped out (1)
- The stock did indeed reverse and actually reversed up above the VWAP when I was trying to short it from VWAP resistance (stopped out 2).
- Finally did go below VWAP into the late morning and then I decided to get out completely since volume was dying down.
Reflection
- Prepare better IF THEN statements on what to do IF the stock doesn't move as close to the VWAP as you like. Use the price action and movement to find good stop loss even if its slightly below the VWAP.
- On reversals back to the VWAP, wait on 5 min candle to engulf the previous candle and make a new high. I got in and got stopped out when it kept dropping because I went long on a red candle that was still moving to the downside, trying to predict the move back up. Should have waited for the ACTUAL confirmation.
- Best to trade VWAP between 9:30-10:40.
- Good with moving the stop loss levels frequently to break even points.