SQ Trade on Feb 24, 2023 09:36 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 1
Set#: 5-minute ORBD_02_10
Ticker: SQ
Strategy: ()ORBU (X)ORBD ()HODB ()LODB ()After Hours
Market Condition: ()Gapping Up (X)Gapping Down ()Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2
Beginning Position Size: 100
Entry: 75.25
Technical Stop: ORH
Hard Stop: 76.25
LRC Break: (X)Yes ()No ()In Between
Bollinger Bands Break: ()Yes ()No (X)In Between
Level1: 74.77 (X)DP()LRC()BB()MA | Level2: 71.84 (X)DP()LRC()BB()MA | Level3: ()DP()LRC()BB()MA | Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 74.25 | Profit Target2(psy): 74.00 | Profit Target3(psy): 73.50 | Profit Target4(psy):
Exit1: 74.25 | Exit2: 75.27 | Exit3: | Exit4: | Exit5:

**What was the result of the trade, what happened? Profit. Market was gapping down at the time of entry. I took an ORBD trade at 75.25 when the price action broke the ORL with above average volume and momentum. I had daily pivots at 74.77 and 71.84 and the LRC was at 73.29. I set profit targets at 74.25, 74.00, and 73.50. I took 2/3 profit at 74.25 and set my stop to breakeven. the price action made a new LOD at 73.52 and then reversed stopping me out at breakeven.

*FEELINGS- Describe what you thought and felt during the trade? Relaxed and ready for the trading session.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The market was gapping down. The price action broke the ORL with above average volume and momentum. Bad: The PCL was in the way of profit targets. The price action reversed and stopped me out at breakeven.

*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)? The overall market was trading in a tight range so finding good setups was challenging. The setup was good, and I was able to take profit.

*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