GFS Trade on Feb 14, 2023 09:35 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 1
Set#: Trading Error:resistancetoprofit_Set01_07 | Trading Error:enteredlate_Set01_05
Ticker: GFS
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: 50
Entry: 69.69
Technical Stop: Loss of ORH with confirmation
Hard Stop: 68.69
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between
Target1: 70.50 ()DP()LRC()BB()MA(X)PSY | Target2: 71.00 ()DP()LRC()BB()MA(X)PSY | Target3: 71.30 (X)DP()LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 68.6 Exit2: Exit3: Exit4:

**What was the result of the trade, what happened? Market was gapping up. I took an ORBU trade at 69.69 with 50 shares when the price action broke the ORH. I entered somewhat late from the ORH because I was fumbling with line levels which I need to do a better job working with horizontal lines. I set a target of 70.50 and 71.00. I had a daily pivot at 71.30. The entry become volatile and hit a daily pivot of 69.69 before reversing and stopping me out.

*FEELINGS- Describe what you thought and felt during the trade? I felt like I was spending too much time moving horizontal lines for my opening ranges. Lost concentration.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Market was gapping up. The price action broke the premarket and OR high. Bad: I was fumbling with horizontal levels. The price action become volatile and then reversed stopping me out after hitting my daily pivot of 69.69.

*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 should have been aware of two daily pivots, 69.3 and 69.69 that were in my way of profits targets. I also enter late after the break of the ORH.

*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 do a better job of setting levels for the opening range, so I am not fumbling during the trade.

*TRADE MANAGEMENT: Strategy ()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