NVDA Trade on Jan 27, 2023 10:07 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 2
Set#:
Ticker: NVDA
Strategy: ()ORBU ()ORBD (X)HODB ()LODB
Market Condition: (X)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 ()1.50 (X)2
Position Size: 25
Entry: 201.38
Technical Stop: HOD
Hard Stop: 199.38
LRC Break (after 10:00 am): (X)Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): (X)Yes ()No ()In Between
Target1: 202.50 ()DP()LRC()BB()MA(X)PSY | Target2: 203 ()DP()LRC()BB()MA(X)PSY | Target3: 204 (X)DP()LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 200.3 Exit2: Exit3: Exit4:

**What was the result of the trade, what happened? Loss. Market was gapping up at the time of entry. I took a trade at 201.38 with 25 shares when price action broke HOD with confirmation. There were no moving averages in the way of profit targets at 202.50 and 203. I had a daily pivot of 204.00. My technical stop was the loss of previous HOD entry, and my hard stop was 199.38. Price action hit my technical stop and I exited my position.

*FEELINGS- Describe what you thought and felt during the trade? Feeling ok stopping out.

*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 HOD with confirmation. Bad: Price action made new HOD and reversed stopping me out.

*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 took the setup, but it eventually failed.

*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 and practice excellent risk management.

*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