== Averaging Down ==
MU was weak today. on a reversal, it rejected the VWAP twice before my first entry.
To seek a good entry I entered long before I saw a confirmation that it broke the VWAP.
My first entry was with a half my normal position size. I got stopped out.
Second entry also with same position size, but rather than stopping out, I kept adding, it even broke the moving averages and I kept adding. Eventually I decided to bail on it with a great loss.
I kept thinking now it will break out, and the market gave me all the signals that I was more likely to be wrong, but instead I was stubborn and paid the price.
After that point, I did some revenge trading on MU which only increased my losses.
The other lesson I learned here is that even if I wanted to get a good entry for break of the VWAP, I should have bought at some support (like MAs) rather than at resistance (VWAP). My losses would have been smaller. Both entries were right at VWAP.
Dear community members, don't do what I did. Hopefully I learned my lesson.
