AMD Trade on Feb 23, 2023 09:37 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 3
Set#: Trading Error:enteredlate_Set01_07 | Trading Error:enteredlate_Set01_02
Ticker: AMD
Strategy: ()ORBU (X)ORBD ()HODB ()LODB ()After Hours
Market Condition: ()Gapping Up ()Gapping Down (X)Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2
Beginning Position Size: 50
Entry: 80.01
Technical Stop: ORH
Hard Stop: 81.01
LRC Break: ()Yes ()No ()In Between
Bollinger Bands Break: ()Yes ()No ()In Between
Level1: 78.94 Daily 200SMA ()DP()LRC()BB(X)MA | Level2: 78.78 Daily 100SMA()DP()LRC()BB(X)MA | Level3: 79.43 (X)DP()LRC()BB()MA | Level4: 77.74(X)DP()LRC()BB()MA
Profit Target1(psy): 79.00 | Profit Target2(psy): 78.50 | Profit Target3(psy): 78.00 | Profit Target4(psy):
Exit1: 80.05| Exit2: | Exit3: | Exit4: | Exit5:

**What was the result of the trade, what happened? Breakeven. Market was consolidating at the time of enter. I entered an ORBD at 80.01 with 50 shares somewhat late from the break of the ORL because I entered another ticker and had to exit that trade before entering this trade. I had daily moving averages at 78.94 and 78.78. I had a daily pivot at 77.74. I set profit targets at 79.00, 78.50, 78.00. I set a technical stop at the break of resistance with confirmation of the ORL and a hard stop of 1.00 at 81.01 based on the ATR of previous 5-minute candle. I exited the trade when I saw a better opportunity with $NVDA and I didn't want to manage two trades.

*FEELINGS- Describe what you thought and felt during the trade? Not feeling good with my execution.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action broke the ORL with above average volume. Bad: I entered late from the ORL. Too many support levels in the way of profit targets.

*ANALYSIS- Does the trade make sense to you now that it is over? No.

*CONCLUSION- What is the final judgment of the trade (draw conclusions)? I entered late and didn't take into account the support levels in the way of profit targets. This was a trade I could have avoided.

*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 not jump into a trade without taking to account levels that are in the way of profit targets. Also, I will not enter an ORB trade if the price action is too far away from the opening range level.

*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 ()Go (X)No Go | Profit Targets/Stop Respected Without Fear ()Go (X)No Go