AMZN Trade on Jun 7, 2023 11:05 from Dandres: Tradervue User Stock Trades.

One of the stocks you watch on slow days

Open
- This was an attempted reversal trade, I was trying to catch the big reversal back up to the VWAP.
Trade 1: On the 5 min chart the candle created 2 new higher candles which signaled bullish intent to the upside. I took my first entry and got stopped out. I think the mistake in the first trade was that I let myself get stopped out way past the rejection had blow through half the move. The strategy is that if the trade rejects and moves back down more than 50% of the initial move then I need to get out. I stopped out before my stop loss but it could have happened earlier.

Trade 2: Seemed like a reversal back up the VWAP. I remember that the second trade I definitely rushed and actually was trying to get out half of my position but instead I bought 24 more. At that point I was like FUCK DIS, got out.

Reflection
- Practice until you cant get it wrong I cant afford to make a mechanical mistake in real life. I need to get it straightened out.
- Second entry on the second trade was way too hasty though. I needed to wait for the confirmation for higher levels. Violated that rule.