DASH Trade on Feb 17, 2023 09:35 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 1
Set#: Trading Error:resistancetoprofit_Set01_09 | 5-minute ORBD_02_09
Ticker: DASH
Strategy: ()ORBU (X)ORBD ()HODB ()LODB ()After Hours
Market Condition: ()Gapping Up (X)Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 (X)1.50 ()2
Beginning Position Size: 50
Entry: 67.27
Technical Stop: VWAP/9EMA
Hard Stop: 68.77
LRC Break: ()Yes (X)No ()In Between
Bollinger Bands Break: ()Yes ()No (X)In Between
Level1: 66.04 ()DP(X)LRC()BB()MA | Level2: 65.96 (X)DP()LRC()BB()MA | Level3: 60.52 (X)DP()LRC()BB()MA | Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 65.25 | Profit Target2(psy): 65.00 | Profit Target3(psy): 64.00 | Profit Target4(psy):
Exit1: 65.00 | Exit2: 62.32 | Exit3: 63.32 | Exit4: | Exit5:

**What was the result of the trade, what happened? Profit. Overall market was gapping down. I took an ORBD trade at 67.27 with 66 shares when the price action broke the ORL with above average volume and strong momentum. I set VWAP and the 9EMA as a technical stop and entered a 1.50 hard stop based on the previous 5-minute candle. I had levels at 66.04 (LRC), 65.96 (daily pivot), and 60.52 (daily pivot). I set profit targets at 65.25, 65.00, and 64.00. I did have support levels at PCL daily 5SMA in the way of profit targets. The price action broke through support, and I took a 2/3 partial at 65.00. The price action continued its downward trend along the 9EMA but temporarily broke the 9EMA and reversed at which point I added 50 shares at 63.56. I took a partial at 62.32 and scaled out the rest of my shares at 63.32 when the price action broke the 9EMA with confirmation.

*FEELINGS- Describe what you thought and felt during the trade? Rested and ready for opportunities to present.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The overall market was gapping down. The price action broke the ORL with above average volume and momentum. Bad: The PCL and daily 5SMA was acting as support in the way of profit targets. The price action became volatile and choppy before continuing its downward trend.

*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)? This trade made me a little nervous since the price action become volatile and choppy after entry. There were also support levels in the way of profit targets. But eventually the price action ran down and I was able to add shares and take profit along the way until the set technical level was broken with confirmation informing me to exit my position.

*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 | Max Risk Per Trade Identified (X)Go ()No Go | Profit Targets Set (X)Go ()No Go

*TRADE EXECUTION: Entry (X)Go ()No Go | Profit Targets/Stop Respected Without Fear (X)Go ()No Go