AMZN Trade on Feb 24, 2023 10:16 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 2
Set#: Trading Error:enteredlate_Set01_08 | Trading Error:paststop_Set01_09
Ticker: AMZN
Strategy: ()ORBU ()ORBD ()HODB (X)LODB ()After Hours
Market Condition: ()Gapping Up ()Gapping Down (X)Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2
Beginning Position Size: 25
Entry: 92.48
Technical Stop: 9EMA
Hard Stop: 93.48
LRC Break: (X)Yes ()No ()In Between
Bollinger Bands Break: (X)Yes ()No ()In Between
Level1: 90.59 (X)DP()LRC()BB()MA | Level2: ()DP()LRC()BB()MA | Level3: ()DP()LRC()BB()MA | Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 91.50 | Profit Target2(psy): 89.50 | Profit Target3(psy): 89.00 | Profit Target4(psy):
Exit1: 93.135 | Exit2: | Exit3: | Exit4: | Exit5:

**What was the result of the trade, what happened? Loss. The market was consolidating at the time of entry. I took a trade at 92.48 with 25 shares when the price action broke LOD with above average volume and when it broke the LRC at around 92.72. My entry was late at that point, and I entered without confirmation. The price action made a new HOD at 92.3186 and reversed. It broke the 9EMA multiple times with wicks only and I exited when the candle pierced the 9EMA with more body into it.

*FEELINGS- Describe what you thought and felt during the trade? Focused on managing the trade.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action was in a downward trend. Bad: I entered really extended from the ORL and the LOD without confirmation. I allowed too many candles with wicks to break the 9EMA before I exited my position.

*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 was not a good setup for me to take since it was already extended from the ORH and I didn't confirm the LOD break basing my entry on the LRC break.

*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 how I use indictors to make entry decisions.

*TRADE MANAGEMENT: Strategy ()Go (X)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