Nothing attention grabbing moving in premarket
- One of those stocks you watch on quiet days.
Open
- Wasn't really looking at this in the morning, then I saw a curling intention on the 1 min and 5 min for the break of the VWAP. I remember looking at the VWAP break intention and even though it was MSFT the volume was really NOT THERE so I really had no reason to get in on this just yet because it could really go either way once the people waiting on the sidelines jumped onto the trade.
Trade 1: Took one entry because I was protecting intra day gains. Had no reason to add so I didn't and got stopped out later. I could have gotten out 1 min earlier on the 3 1 min candles that had formed to reject the idea. I could have saved myself a couple cents per share.
Reflection
- The chart looked good at the time of entry but the volume was questionable. You need to look at both indicators.
- Good risk management with only taking the first entry size and not adding until confirmation.
- I could have stopped out earlier with the 1 min chart showing me indicators that it wasn't going to go in my favor.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-05-17 10:49:22 | MSFT | buy | $311.990 | long |
2023-05-17 10:52:49 | MSFT | sell | $311.680 | 0 |
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