TSLA Trade on May 24, 2023 09:46 from Dandres: Tradervue User Stock Trades.

Trade 1: VWAP (Loss)
Trade 2: VWAP (Loss) Thought at this moment that I was taking the flip trade but my first initial trade idea of short was correct and the minute after I got stopped out on this second trade right away on initial entry BUT at maximum risk.

Reflection
- Flip trades should only maybe be taken when the 5 min and 1 min charts are strongly indicating that direction. These charts dont show 1 min confirmation nor 5 minute confirmation.
-** I think as a rule of thumb, flip trades cant be taken if the price action is moving too quickly. If the price action is slowly creeping up against you and during that time closing several 1 and 5 minute candles that support that flip, then its okay to flip. If the price action is just quickly moving against you in the same candle or is still developing 5 minute candles, its very hard to tell if the price action will actually flip completely or if its just a pullback and so at that time you would have to actively manage your trade using other indicators such as volume, 1 minute candles, high/low or level violations.**