Michail Shadkin Rules

1) Never average down on a long

2) Can add on shorts up until ~10am (not for beginners)

3) If stock is still above VWAP and in the top 25% of intraday range around 10:30ish - get ready to get out if short. If not short, consider going long.

4) If stock is under 50% intraday range at 10:30ish, don't ever go long.

5) If stock is trading in the lower 25% of intraday range after 10:30 and you chase short, set mental stop at 50% intraday range, and get out if it crosses over this point with good volume. Consider going long.

6) RESPECT YOUR STOPS!

Example of the chart: