Open
- Trade 1: VWAP (Loss)
- Trade 2: VWAP (Loss)
- Trade 3: VWAP (Win)
- Trade 4: VWAP (Win)
- Trade 5: VWAP (Win) This was a continuation of trade 4, tremendous candle confirmation to the downside. I was iffy because of the strong support at VWAP but I knew it would resolve with the strong supporting downside candles on both charts. Strong dip on the downside and it felt very weak so I felt comfortable holding to 1R and beyond. This gave me great resolution.
Reflection
- Managed the stop losses appropriately as I took partials on the way down.
- Did well with holding onto my winners and scaling in. I COULD have done better with the scaling into my full position once the candle broke past the VWAP, you could see on the candle charts that it was breaking gradually so I definitely could have gotten in on full size here for bigger profits.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-05-11 10:05:45 | AMD | sell | $98.070 | short |
2023-05-11 10:07:17 | AMD | sell | $97.940 | short |
2023-05-11 10:17:36 | AMD | buy | $97.340 | short |
2023-05-11 10:18:01 | AMD | buy | $96.990 | 0 |
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