AAPL Trade on May 5, 2023 09:48 from Dandres: Tradervue User Stock Trades.

PREMARKET
- Apple on the pre-market gap up scanner but no breaking news. Trading well with good premarket pattern and volume action.
- ETB, MC, ATR: $2.88
- Premarket plan was to look for the claim of either direction but I was long bias due to it being over the VWAP previous day and during the premarket.
OPEN
- Did in fact claim the VWAP and stay over the VWAP through the whole day.
- TRADE 1: After the OR, I felt the price of the stock had left any level I was comfortable getting in on due to not the best R:R. Was seeing the candle patterns develop a reversal off $173.73 on the 5 min candle with 1 min candle confirmations. I got in with 50c risk and $1 profit potential. I only managed to get in with my first entry 25%. Price then proceeded to drop close to the VWAP target. I got out and took the win.
REFLECTION
- I've been thinking heavily on the important of proper entry, its one of the fundamentals of risk management. I can control where I aim to get in at and if I aim for the best R:R entry then I'm doing what I can to MAXIMIZE my profit potential and MINIMIZE my risk. Proud of choosing the right entry spot and not let it leave.
- Definitely need to work on being able to scale into my full position.