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AAPL trade management, Futures and VWAP

QuestionsCategory: QuestionsAAPL trade management, Futures and VWAP
patch_trade asked 4 years ago
Hi Pat Thank you for the good work you and Owen are doing in providing a top quality service that is very educational to me. I've learnt quite a bit! I have three questions if I may: 1. In your "Be Prepared to WIN!" video you posted today, the chart of AAPL showed a fairly big drop on above average volume at the beginning of December 2019. I'm curious about your thought processes at the time and how you managed the trade immediately before and after the "correction".
- Did the market behaviour at the same time prompt you not to sell?
- Was the gap down past the 20 day SMA not a signal to sell some shares?
- Was the close on the 3rd strong enough to keep the position open?
- The close on the 4th was above the 20 day MA, but on very little volume. What were your thoughts during this time and how would you recommend a similar scenario be approached in future? 2. You often talk about futures being up or down.  Which symbols/tickers do you refer to and what what is the connection between futures and the stock market? 3. In my reading lately I have come across a number of different services promoting VWAP and anchored VWAP. It appears to be "the next big thing" traders need to be aware of and use. What are your thoughts on this? Thank you
All the best!
1 Answers
Avatar photoOwen Staff answered 4 years ago

Hi Bruwer,
Video from Patrick:
https://youtu.be/RD7ltS_3LUA

patch_trade replied 4 years ago

Thank you! Questions answered and a new insight on the trade management I did not have before 🙂