DOCU Trade on Mar 9, 2023 16:27 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION
Trade#: 8
Set#: Trading Error:profittargetsnotrespected_Set01_03 | Trading Error:revengetrading_Set01_10
Ticker: DOCU
Strategy: ()ORBU ()HODB ()ORBD ()LODB ()Reversal (X)After Hours
Market Condition: ()Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 ()1.50 ()2 ()2.50
Beginning Position Size: 100
Entry: 61.26 (Avgcost)
Technical Stop: 9EMA
Hard Stop:
LRC Break: ()Yes ()No ()In Between
Bollinger Bands Break: ()Yes ()No ()In Between
Level1: 59.88 (X)DP()LRC()BB()MA | Level2: ()DP()LRC()BB()MA | Level3: ()DP()LRC()BB()MA | Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 60.00 | Profit Target2(psy): 59.00 | Profit Target3(psy): | Profit Target4(psy):
Exit1: | Exit2: | Exit3: | Exit4: | Exit5:

**What was the result of the trade, what happened? Profit. I took an after hour earnings trade when $DOCU reported earnings when the price action broke the low of the announcement candle. The price action hit my 1st price target of 60.00, but I held off for 59.00. The price action continued to consolidate and at his point I was mentally tired, and I exited my position.

*FEELINGS- Describe what you thought and felt during the trade? Depleted.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action broke the low of the confirmation candle. Bad: I missed my profit target.

*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)? There was opportunity but my mental state could not take advantage.

*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 stop trading when I have lost control of my ability to trade and walk away from my trading station.

*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 ()Go (X)No Go

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Execution detail:

Date/time Symbol Side Price Position
2023-03-09 16:27:57 DOCU sell $61.280 short
2023-03-09 16:27:57 DOCU sell $61.260 short
2023-03-09 16:27:57 DOCU sell $61.250 short
2023-03-09 17:01:27 DOCU buy $60.990 0


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