TSLA Trade on Jan 23, 2023 09:37 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 2
Set#: HODB_Set01_04
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: 136.95
Technical Stop: Opening range high
Hard Stop: 135.95
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between
Target1: 138.50 ()DP()LRC()BB()MA(X)PSY | Target2: 139.00 ()DP()LRC()BB()MA(X)PSY | Target3: ()DP()LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 136.51 Exit2: Exit3: Exit4:

**What was the result of the trade, what happened? Loss. Market was gapping up. I took a trade when the price action broke the opening range and premarket high. My profit targets were 137.50 and 138.00. The daily 50SMA was at 153.69 so there was plenty of window of opportunity. Price action hit my technical stop and I exited my trade for another opportunity.

*FEELINGS- Describe what you thought and felt during the trade? Feeling confident in my execution.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Market was gapping up. Price action broke the opening range and the premarket high with momentum. Daily 50SMA far from profit target. Bad: Price action hit my stop target.

*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)? The trade failed but provided strong support for another opportunity.

*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 keep my losses small so that I can another opportunity as it presents.

*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