MSFT Trade on May 12, 2023 11:54 from Dandres: Tradervue User Stock Trades.

Intraday
- Was one of the stocks I was watching on this slow day. Plan was to wait for another major pullback to the VWAP for the downside move.
Open
- I was FOMO and took first entry short because I didn't want to miss the major pullback in case of a major pullback. I got completely stopped out. Couple dollars lost no problem. The downside weakness was definitely an add after that first entry, added on the 1 min candles to the downside after VWAP break again on a new 5 min bear candle lower. I didn't let the trade resolve because I had to get to work around this time, so I stopped myself out. The trade did indeed resolve for another dollar!
Reflection
- Dont over trade, you dont know how long a move can take so be patient and dont get in on trades you cant afford to hold for an extended period.
- I could have stopped myself out sooner on the first entry, like as soon as it broke VWAP. But my confirmation should ALWYS be on candles in the direction im trying to trade.
Dont trade against the trend, wait for candle confirmations
Dont FOMO! The opportunities will come, you must follow your trade book to trade on candles that are in your favor.