TSLA Trade on May 8, 2023 11:08 from Dandres: Tradervue User Stock Trades.

OPEN
- TRADE 1: SUP/RES (Loss)
- TRADE 2: VWAP Sup (Win)
- TRADE 3: VWAP Res (Win)
- TRADE 4: Came back to this after COIN trade because I was watching the price action come back to the VWAP for the upside break of it. 1 min and 5 candle action was forming to the upside break of this. My first entry was a little early BUT it was because the previous candle also was bullish. So I got in 25% 20c below VWAP. As new 1 min candles were forming on the chart and in new 5 min candle, I scale in to 80% of position. What I really didn't like was that when it broke the VWAP in my favor it was very underwhelming and seemed to struggle heavily to move past $171.5. On 1 min candles slowly forming to the downside against me, I got out 100% before I took any loss.
REFLECTION
- Closely watching the 1 min candles is VERY helpful because although you shouldnt make BIG decisions on them, the can give you little insight into the possible trend of the coming moves. The candle did indeed break below VWAP again. Grateful I managed this risk meticulously and prevented from taking any loss.
- Entry to the upside was reasonable. There were clear indicators supporting the decision so the entry was good.
- Remember, you cant predict the market, you can only find the patterns.