NVDA Trade on Jan 19, 2023 11:50 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION (describe in detail):
Trade#: 3
Set#: LODB_01_07
Ticker: NVDA
Strategy: ()ORBU ()ORBD ()HODB (X)LODB
Market Condition: ()Gapping Up (X)Gapping Down ()Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2
Position Size: 25
Entry: 167.37
Hard Stop: 168.37
Technical Stop: 9EMA
LRC Break (after 10:00 am): (X)Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): (X)Yes ()No ()In Between
Target1: 165 ()DP()LRC()BB()MA(X)PSY | Target2: 164.50 ()DP()LRC()BB()MA(X)PSY | Target3: ()DP()LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 168.52 Exit2: Exit3: Exit4:

**What was the result of the trade, what happened? Loss. The market was gapping down, and it appeared that it picked a direction after chopping around in the morning session. I entered a trade at 167.37 with 25 shares when price action broke LOD with confirmation. The price action reversed along with the overall market, and I exited my position when my stop was hit.

*FEELINGS- Describe what you thought and felt during the trade? Frustrated with the overall direction of the market.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Price broke LOD with confirmation. Bad: The gap down didn't last very long and reversed.

*ANALYSIS- Does the trade make sense to you now that it is over? The setup does, but not the overall market behavior.

*CONCLUSION- What is the final judgment of the trade (draw conclusions)? It was an appropriate trade to take but failed. The overall direction of the market was frustrating to understand.

*ACTION PLAN- How are you going to avoid the mistakes you made on this trade? How are you going to make sure you get the same results the next time if the trade was good? Just continue to trade the setup and accept the risk.

*TRADE MANAGEMENT: Strategy (X)Go ()No Go | Risk Identified (X)Go ()No Go | Profit Targets (X)Go ()No Go

*TRADE EXECUTION: Entry (X)Go ()No Go | Profit Targets/Stop Respected (X)Go ()No Go