AMD Trade on May 9, 2023 10:04 from Dandres: Tradervue User Stock Trades.

PREMARKET
- AMD on the gap up list from the previous day.
- Candle action during the premarket and the great moves from the previous day made it a stock in play today.
- ETB, ATR: 4.33, M.C. Max share size 80 at 1$ R.
- Premarket plan was to watch for the break of the clear resistance at $96 for the move up to $99.32.
OPEN
- Did watch the moves really during the open because was trading PYPL at the time. When I did get a chance to look at it I saw it starting to recover from reversal from the lows of the open. It was reversing in the break of the VWAP and at this point it had huge potential up to $96. At that moment the R:R was 2.2:1 and so there was no better time than that moment.
- Trade 1: I didnt just jump into the trade. I saw the 1 min and 5 min candle movements. The 1 min candle showed CLEAR reversal to the VWAP and green candles showing higher highs/lows breaking the VWAP and at the moment it was GTFI (Get the fuck in) criteria with confirmation even on the 5 min candles. GO TIME. First entry on a pull back, second entry on supporting 1 min candles, another add on pull back and a fourth riskier but averaging down entry that helped (risky because it was a lower pull back BUT the previous candle was bullish, and the pull back was smaller than that candle, so I was still ok to hold it. The trade resolved a couple minutes later and it jumped to my 1R and even 2R. I partialed 50% and 1R, 40% at 1.5R and 10% at 2R.
REFLECTION
- Really proud of this trade again, did it on clear confirmations and scaled in on the supporting candles and minor pullbacks. Great entry with good R:R.
- I remember being nervous with the downward trading candles but the shooting doji showed so much bull power on the VWAP, they were in fact moving against me BUT they were at that great VWAP level, so I was willing to hold it to my stop loss if need be. I was close to stopping myself out but continuously watching the 1 min candles and evaluating them as they closed helped me stay in the position. On the last 3-4 min candle in the 5 min candle, it showed me it was moving back with me, I stayed in it because of it.
- Emotions were leaking in a bit to the trade because I was close to stopping myself out. It's so incredibly important that you stop out early on solid candle confirmations ONLY and ONLY on candle indicators not because of FOL.