BABA Trade on May 19, 2023 10:42 from Dandres: Tradervue User Stock Trades.

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

Open
- Wasn't watching this on the open but spotted out a strong breaking VWAP move with 1 min and 5 min confirmation.
Trade 1: I was trading the break of the VWAP and took my first entry at the break of the VWAP with the stop at the previous candle high wick 30-40c risk aiming for opening lows. 2:1. The trade did not break the way I thought it would and slowly but steadily rejected on the 1 min chart, I stopped myself out early, sure enough the trade took off to the upside.
Trade 2: Second trade was on watching consolidation candles sitting on VWAP break below the VWAP. This was my entry short indicator with supporting 1 and 5 min candle charts. I might have set my stop loss too tight but I also had the opportunity to get back into the trade if I wanted to at that point but I didn't, these trades just didn't go my way.

Reflection
- Traded this pretty carefully and with solid confirmation, was just unlucky. You cant always win with the market.
- Your job isn't to be right, its to manage your risk
- I would say I successfully managed my risk on both of these trades. First trade I stopped out early on rejecting 1 min candles and second trade I held until my stop loss. Who knows? if this was any different, the stop loss would have saved me from it going any higher, I really couldnt have known.
- Managed my risk well on this.
- Could have taken a flip trade.