TSLA Trade on May 18, 2023 09:39 from Dandres: Tradervue User Stock Trades.

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

Open
- At the open was watching for the break of the VWAP, during the OR it was consolidating on even size 1 min candles.
Trade 1: At the start of the second 5 min candles I added on the 1 min candle break of the VWAP and second add on the pull back. The stock did break out bit O was waiting for at least an even R:R. The next 1 min candle broke down and this should have been my indicator that the stock was not going to go the way I wanted it to. Stopped out 80% position at 0.60-0.70c loss.
Trade 2: After the stop out the 1 min reversal candles showing the curl back up I added 25% position long and set my stop at about 0.60-0.70c below by the consolidation candles, again the price action reversed and stopped me out.

Reflection
- I definitely violated my trade idea 1. I did no wait the 5-10 min OR to die and this would have showed me not so strong supporting candles in my favor. On the second trade the 5 min candle did not even complete yet and the previous 5 min candle was in the opposite direction of my trade idea. I should not have been in the second trade at all.
- Good that I didn't scale in without a confirmation, but the first entry should not have even happened.
- I wouldnt say I had good risk management on this trade besides not taking full size without solid confirmation. I definitely did not add on support candles and traded on the 1 min chart instead of the general overview of the 5 min candle that would have shown me that the engulfing 5 min bear candle was a better indicator to short this.