AMZN Trade on Apr 27, 2023 09:47 from Dandres: Tradervue User Stock Trades.

PREMARKET
- Saw this on the pre market scanner on the gap up list. It’s been making previous moves in the week but this time it looked extended.
- Volume >1 Mil premarket, ATR: 2.9c, float: MC, decent pre-market volume price action besides that it was short of extended from the VWAP, ETB.
- I thought the best move was to the downside if it claimed that. Upside move looked risky because it was already trending upwards the entire premarket.
OPEN
- After the 10 min OR and event the 15 min OR, the stock showed weakness under the VWAP because it broke to the downside 3 candles downward and even past the VWAP, I got in initial entry but then stopped out above VWAP when suddenly reversed to the upside.
- Was telling myself that I wouldn't be BIAS to a certain side and I would just watch for TECHNICAL movement. For that reason I got in long after it showed confirmation above the VWAP but I wasn't able to scale in all the way. I eventually got all out 60c later which was GREAT.
- THEN for SOME reason, I was deciding to short EARLY on the way up which was NOT the thing to do because I was shorting on 5 min green candles on the move upward, what the hell was I thinking? WAIT FOR CANDLE CONFIRMATION to the downside. Then got stopped out full size. (averaged up)
- THEN I was trying to time the downward move back to the daily levels or VWAP for a mountain pass move. What I ended up seeing though was consolidation within a certain range and never a general trend downward, this is a red flag I think. I got out at break even to see if I could get at a better position but when I did, the difference wasn't much. I need more info on mountain pass moves, entry MATTERS, because you will be holding for a long time sometimes. I got stopped out full size again.
REFLECTION
- Dont have a long or short bias, just trade the technical levels and have your if thens ready for both sides.
- Trade on candles to the SAME direction, dont try to "predict", do it when its already given you signal for strength or weakness like the first trade of the day, even though you got stopped out, it was a better confirmation.
- DONT lose your head.