AMZN Trade on Jan 27, 2023 10:25 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 3
Set#: Trading Error:resistancetoprofit_Set01_03
Ticker: AMZN
Strategy: ()ORBU ()ORBD (X)HODB ()LODB
Market Condition: ()Gapping Up ()Gapping Down (X)Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2
Position Size: 25
Entry: 101.76
Technical Stop: Loss of HOD entry
Hard Stop: 100.76
LRC Break (after 10:00 am): (X)Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No (X)In Between
Target1: 102.41 (X)DP()LRC()BB()MA(X)PSY | Target2: 102.50 (X)DP()LRC()BB()MA(X)PSY | Target3: 103 ()DP()LRC()BB()MA(X)PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 102.58 Exit2: 101.71 Exit3: Exit4:

**What was the result of the trade, what happened? Profit. Market was consolidating. I took a trade at 101.76 with 25 shares when price action broke the HOD with confirmation. The 100SMA was in way of profit targets at 102.50 and 103. My technical stop was the loss of HOD entry, and my hard stop was based on the 5-minute ATR at 100.76. I took a 2/3 partial at 102.58 and moved my stop to breakeven. I scaled out the rest of my shares at 101.71 when price action lost the 9EMA.

*FEELINGS- Describe what you thought and felt during the trade? Reset and ready.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Price action broke HOD with momentum. Bad: Market consolidate before moving downward. The 100SMA was in the way of profit targets. Price action made new HOD and reversed.

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

*CONCLUSION- What is the final judgment of the trade (draw conclusions)? I could have avoided this trade since there was a daily moving average in the way of profit targets.

*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? I will be more aware of moving averages that could act as support or resistance towards taking profit.

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

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