MDB Trade on Mar 9, 2023 09:35 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION
Trade#: 1
Set#: Trading Error:atrabove2_Set01_13
Ticker: MDB
Strategy: (X)ORBU ()HODB ()ORBD ()LODB ()Reversal ()After Hours
Market Condition: (X)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 ()1.50 ()2 ()2.50 (X)4.00
Beginning Position Size: 100
Entry: 209.88
Technical Stop: ORH with confirmation
Hard Stop: 205.88
LRC Break: (X)Yes (up) ()No ()In Between
Bollinger Bands Break: ()Yes ()No (X)In Between
Level1: 211.65 ()DP(X)LRC()BB()MA | Level2: 213.39 (X)DP()LRC()BB()MA | Level3: ()DP()LRC()BB()MA | Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 211.00 | Profit Target2(psy): 212 | Profit Target3(psy): 213.00 | Profit Target4(psy):
Exit1: 210.76 | Exit2: 210.9605 | Exit3: | Exit4: | Exit5:

**What was the result of the trade, what happened? Profit. Market was gapping up at the time of entry. I took an ORBU trade at 209.88 with 100 shares when the price action broke the ORH with confirmation and above average volume and momentum. The price action broke the LRC to the upside and was in-between the Bollinger Bands. I set the loss of the ORH with confirmation as my technical stop and a 4.00 hard stop based on the ATR of the 5-minute candle prior to entry. I had a LRC level at 211.65 and a daily pivot at 213.39. I set my profit targets at 211.00, 212.00, 213.00. The price action moved very fast and volatile since it had an ATR of 4.00. I tried to set a profit target on the montage, but I had an issue with the entry box so I had to quickly take profit out of fear that the price action would fall below my technical stop.

*FEELINGS- Describe what you thought and felt during the trade? I felt the ATR was too high for me to take and I struggle with fear and anxiety trying to manage the trade.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price broke the ORH with above average volume and momentum. Bad: The price action become volatile very quickly and I exited the trade without confirming the technical stop. I fumbled entering a limit order to take profit.

*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)? Even though the setup was present for me to execute, the ATR was too large for me to manage.

*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 take ORB trades when the ATR is over 2.00.

*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