AMD Trade on May 15, 2023 10:57 from Dandres: Tradervue User Stock Trades.

No significantly moving stock in premarket
- One of those stocks you watch on choppy days.

Open
- AMD at the open was super choppy and trading on top of VWAP, I didn't even bother to look at it because of that.
- Eventually it hit a reversal and was approaching the VWAP but the candles didnt look really convincing to me at the time because they were very small like dojis but still creeping up minute by minute. The 5 min chart looked good but at some point, the stock reversed the downside with previous 1 min candle confirmation and so it looked like a good short from VWAP.
- Trade rejected minutes later and basically stopped me out. My greed to want to be right took over instead of my priority to protect my money and gains.
Your job is not to be right, its to manage risk
- At this point I was trying to be right and not manage the risk and that is why I got stopped out on full size and loss half my gains for the day. The 1 min and the 5 minute chart CLEARLY were moving bullish against me and I still didn't bat an eye. This is self destructive behavior, watching yourself risk you money like that.
Your job is not to be right, its to manage risk
Your job is not to be right, its to manage risk
Your job is not to be right, its to manage risk
Your job is not to be right, its to manage risk
Your job is not to be right, its to manage risk

Reflection
- Be technical always, keep the emotion and pride and ego out of it.
- Your job is not to be right, its to manage risk