If you have belief in a company or thesis, the best way to be exposed is with a core position. I use a funnel method where you use a couple of short and intermediate trading timeframes and "funnel" the profits to your core
1/n
Let's say you really believe in $AMD in April and want to have a decent exposure for an eventual breakout. You don't know exactly how this happens. So you allocate 1/2 of the money for this position to a core of 1000 shares and the other half to the funnel method techniques
In the next 90 days, you are able to generate 100 extra shares of AMD bringing your cost basis on the original $55k investment down to $50. As a result, when $AMD has its final shakeout you are not stopped or rattled and manage to stay in for the eventual breakout
The Volume Weighted Average Price (VWAP) is a reference line you can place on your chart based on a combination of price and volume. Unlike price-only Simple Moving Averages (MA), it changes direction when price movement has volume behind it.
This is the best non-mathematical way to look at the VWAP:
"Draw the VWAP across any duration of time.....if you sold above it, you got a better deal than the average sellers...if you bought below it, you get a better deal than the average buyer"
intraday example
Now keep in mind, VWAP is evolving so don't fall in love with the hindsight perspective. In the chart below you can see, early morning 10 am buyers thought they got a deal but by noon and end of the day they were under-performers