MRNA stock | 30 min chart | 5 min chart | 3 entries - 5 min chart VWAP EMA 9 21 indicators

Possible gains on 3 swing trades - A trader's job is not easy

The most challenge part is to find entry point, and second part is how to set stop-loss, the idea is to check VWAP and make sure that uptrend is still consistently kept and will continue to go upward. 

I did a swing trade, but my patience is not good enough and also I did not work on 5 minute chart with Heiken Ashi candlestick with EMA 21 

My mistakes:

1. Entry point - Should wait five minute chart testing against EMA 21 
2. My entry points is 25 minutes early - caught in 5 min downtrend - 5 bars 
3. Stop loss - it is too narrow - not considering ATR - EMA 21 - underneath EMA 21
4. I review 1 min chart using normal candlestick, I did not notice that I need to go back to review again
5. Should use 5 min chart - Heiken Ashi candlestick - wait 5 red bar finished 
6. 10% uptrend - Need patience, need to reconsider entry - try a few times

My entry price was 146.99/ share, at that time, EMA 21 on 5 min chart is $139.68, the gap is $7/ share. I have to learn how to be patient and wait another 25 minutes until it retraced to EMA 21, price close to EMA 21 - 142/ share. 

I did buy 20 shares, but in oder to catch a long uptrend, I need to learn how to calculate the entry point and timing. Best idea is only to enter when MRNA price is close to EMA 21 on 5 minute chart, Heiken Ashi candlestick bar showed 5 downtrend bar. 

Lesson learned and I paid tuition around $68 dollars. I should go back to check the chart and follow up. But my patience is not good enough today. I ran out of luck. 

Stop loss has to be set underneath EMA 21 on 5 minutes and also consider high ATR today and give more room for error. 

Bar count 38 - 5 min chart - EMA 21 crossed up VWAP fair price, MRNA retraced to EMA 21, and downtrend slowed down, all three confluences lead to another uptrend. 

Roughly estimate EMA 9 and EMA 21 difference (Risk to reward ratio: 1 : 3 )

Risk - -4.39, -3.07% - 20 shares - Loss: $86 US dollars

Reward: 13.52, 9.28%

5 min chart - Heiken Ashi candle - Brown color line - EMA 20 - rebound after testing EMA 20 - Two entry points - VWAP continued to go up the whole day

bar count 23 - Rebound on VWAP 

bar count 38 - Rebound on EMA 20 

Lifetime opportunity - 10% gain - EMA 21 - 5 min chart retracement - entry point 

First entry - 27% gain - It may not be a good idea to try - Risky 

Third entry - back to EMA 20 again second time