NVDA Trade on May 22, 2023 12:37 from Dandres: Tradervue User Stock Trades.

Trade 1: VWAP (Win)
Trade 2: VWAP (Breakeven) NVDA showing strength and respect for the VWAP all day and at this point It was hitting the VWAP and broke it BUT soon after many consolidation candles started forming for the VWAP false breakout. 5 min candles also closed without making a lower low so this was an indication for the price action wanting to move upward and the psychology of traders that saw this and werent convinced with the break of the VWAP. Took first entry and got out almost break even on a strong rejecting 1 min candle, I was playing it super safe. Second entry was on a more positive indication of higher high/low 1 min candles with volume. Second add was on candle breaking the VWAP on a new 5 min candle. Didnt like how the price action consolidated for a couple minutes on the 1 min chart and at this point I didn't want to lose more than 30% of my gains today. However, as can be seen... the stock broke out the minute after and is currently trading at 313.63$ A whole 1.6 dollars higher than entry lol.

Reflection
- Pays to have patience when the stock is slowly but surely moving your way.
- If you feel uncomfortable holding for a long time then the thing to do is get in you initial position and hold until the stronger confirmation break.