AMZN Trade on May 17, 2023 09:42 from Dandres: Tradervue User Stock Trades.

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Dandres

 

Nothing attention grabbing moving in premarket
- One of those stocks you watch on quiet days.

Open
- Was watching the trade and very obvious resistance at the 115.80s level. I was short bias due to the dojis forming but not making higher highs/lows as they formed.
Trade 1: First entry was the second mini break of the VWAP. Second short was the 3rd mini break of the VWAP, and final entry was the 3rd and solving break of the VWAP. I knew at this point the buyers were exhausted and no one in their right mind would go long on 3 strong dojis like this finally breaking down past the VWAP. I was comfortable holding this to 1R and all out on the 1 min candles curling back up.
Never let a winning trade turn into a losing trade
Trade 2: Saw a very strong rally to the upside but wasn't convinced it would hold because of the morning dojis at that level. took a smaller position to protect the day gains as it broke past the VWAP on simultaneous 1 min and 5 min candle. I didnt like how it didnt resolve right away and got all out when it was still in my favor. I had the past information of it respecting the VWAP so I really should have held because it wasnt longer after where it broke down to the lows again.

Reflection
- MAN! Hold onto the winning trades!
- Good entries and reason to get in, you respected your trade idea and had supporting indicators to get in.
- Nice risk management except for the last trade, I really cut my winners thinking I was protecting my gains. There was really no candle action showing a bullish pattern turning against me.


Execution detail:

Date/time Symbol Side Price Position
2023-05-17 09:42:59 AMZN sell $115.250 short
2023-05-17 09:46:37 AMZN sell $115.240 short
2023-05-17 09:54:22 AMZN sell $115.290 short
2023-05-17 10:06:32 AMZN buy $114.840 short
2023-05-17 10:10:54 AMZN buy $114.770 short
2023-05-17 10:11:11 AMZN buy $114.940 0
2023-05-17 10:54:36 AMZN sell $115.100 short
2023-05-17 10:59:09 AMZN sell $115.120 short
2023-05-17 11:12:40 AMZN buy $115.050 0


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