AAPL Trade on May 18, 2023 09:54 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 this for the break of the VWAP and the 1 min and 5 min chart confirmed it.
Trade 1: Added initial position on 1 min and 5 min chart candle closing on the upside. Second add on a new 5 min candle making higher highs. I stopped myself out due to the quick rejection of the VWAP on the 1 min candle and 5 min candle closing on bearish candles below the VWAP. I still could have held if I noticed that the red candle was still on a higher low even if it wasn't on a higher high, The stock broke VWAP and make some strong moves up the upside.

Reflection
- I didn't let my valid idea resolve. The mini pull back on the 1 min chart did not pull below the 5 min candle and closed on bullish candles going to the upside again. I had no clear reason to get out at this point. This was a mistake.
- You must verify your trade idea is no longer valid if planning to get out early This means confirming the pullback is indeed rejecting your lows and highs of the candles that you are watching.
- The second entry might have been a little quick, the break of the VWAP would have been a better confirmation to add.


Execution detail:

Date/time Symbol Side Price Position
2023-05-18 09:54:55 AAPL buy $172.900 long
2023-05-18 09:56:02 AAPL buy $172.970 long
2023-05-18 10:03:53 AAPL sell $172.900 0


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