NVDA Trade on May 24, 2023 09:53 from Dandres: Tradervue User Stock Trades.

Trade 1: VWAP (Loss)
Trade 2: VWAP (Loss) I remember only wanting to trade this again to try to catch any profit since at the time I had already about 40$ in losses. I would have felt comfortable holding the position on the clearly resisting level slightly above the VWAP for the eventual break to the downside. The only time I would have felt comfortable holding the position would have been on the initial entry position size to then quickly add on the break to the downside. I would have held through those candles rising above the VWAP BUT only on the first initial size seeing the confirmation of resistance around the 302.50 mark.

Reflection
- You are taking bigger hits than normal and right now the issue is not know how to scale correctly, adding too quickly on the 1 minute charts and not the closing 5 minute charts instead, stop stopping yourself out early so you dont take a big hit BUT the reason you would take a big hit is because of having scaled in way too quickly.

New Goal:
1) Read and memorize your trade book.
2) Perfect to the best of your ability scaling on confirmation and on 5-minute candle closings.
3) Always respect the 10 minute OR no matter what until you learn opening range strategy.
4) Plan b size if trading right after the 10 min OR and Plan A size in the morning when the 5 min candles have been developing their patterns.
5) Never let a winning trade go against you, dont wish for one trade to make up all your losses. Each trade is unique.