TSLA Trade on Jan 20, 2023 09:52 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION (describe in detail):
Trade#: 2
Set#: Trading Error:enteredlate_Set01_02
Ticker: TSLA
Strategy: (X)ORBU ()ORBD ()HODB ()LODB
Market Condition: (X)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2
Position Size: 25
Entry: 130.22
Hard Stop: 129.22
Technical Stop: 9EMA
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between
Target1: 131.50 ()DP()LRC()BB()MA(X)PSY | Target2: 132 ()DP()LRC()BB()MA(X)PSY | Target3: ()DP()LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 131.64 Exit2: 130.22 Exit3: Exit4:

**What was the result of the trade, what happened? Profit. The overall market was in an upward trend. After resetting from the previous $TSLA trade, I took an ORBU trade on $TSLA when I saw strong volume on the entry candle. I did enter late on the break of the opening range high but was able to take profit and exited my position at breakeven.

*FEELINGS- Describe what you thought and felt during the trade? More focused on the trading process.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Market was on an upward trend. Strong volume on entry candle. Price action broke premarket high. Bad: My entry was late on opening range high. Price action did not sustain momentum after I took my first partial.

*ANALYSIS- Does the trade make sense to you now that it is over? Yes.

*CONCLUSION- What is the final judgment of the trade (draw conclusions)? I felt like I did ok resetting and taking the setup when the price action reversed but I could have entered sooner at the break of the opening range high.

*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? Continue to take the setup when present.

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

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