AMD Trade on May 15, 2023 10:32 from Dandres: Tradervue User Stock Trades.

No significantly moving stock in premarket
- One of the go to stocks. ETB, MC, ATR: 4.15$.

Open
- Missed the big leg down following the break of the VWAP. Saw reversal opportunity developing.
Trade 1: I know im not that good at reversals and timing them but I was noticing the higher highs/lows develop on the 1 min and the new engulfing 5 min candle. I took my first entry and was weary of scaling in because I wanted to protect the previous gains. First entry 10 share I partial at 2R and all out at 2R on consolidation candles.
Trade 2: Was following the possible break of the VWAP but then the price flushed on that same 1 min candle, and I got stopped out about 30c. The next test of the VWAP would have been a nice entry trade but the way it was developing on the 1 min chart BUT I would have been hesitant since the 5 min bull and bear candle were similar size so it was hard to make out which way it would break to.

Reflection
- Nice little catch to the upside reversal.
- I think the thing that differentiates solid breaks of VWAP that will likely go in your favor are if they have very large and strong candles breaking, the baby and small candles are a little bit misleading.
- The risk management was good and so were the entries. Breakeven is the best worst case we could ask for on these trades.