AMD Trade on Mar 16, 2023 10:45 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION
Trade#: 1
Set#: HODB_Set01_15 * Trading Error:technicalstopnotrespected_Set01_18
Ticker: AMD
Strategy: ()ORBU (X)HODB ()ORBD ()LODB ()Reversal ()After Hours
Market Condition: ()Gapping Up ()Gapping Down (X)Consolidating
5-Minute ATR: ().50 (x)1 ()1.50 ()2 ()2.50
Beginning Position Size: 50
Entry (AvgCost): 91.30
Technical Stop: 9EMA
Hard Stop: 92.53
LRC Break: (X)Yes (up) ()No ()In Between
Bollinger Bands Break: ()Yes (up/down) ()No (X)In Between
Level1: 92.53 ()DP(X)LRC()BB()MA * Level2: 93.67 (X)DP()LRC()BB()MA * Level3: 97.57 (X)DP()LRC()BB()MA * Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 92.00 * Profit Target2(psy): 92.50 * Profit Target3(psy): * Profit Target4(psy):
Exit1: 92.50 * Exit2: 94.00 * Exit3: * Exit4: * Exit5:

**What was the result of the trade, what happened? This was a profitable trade. The market was consolidating at the time of entry. I took an HODB trade at 91.3 with 50 shares when the price action broke the HOD on the 5- and 15-minute charts. The volume was average. The price action broke the LRC in an upward fashion and was in between the Bollinger Bands. I set the loss of the 9EMA with confirmation as my technical stop and a 1.00 hard stop based on the ATR of the 5-minute candle prior to entry. I had a LRC level at 92.53 and a daily pivot at 93.67 and 97.57. I set my profit targets at 92.00 and 92.50. The price action was moving upwards in a strong fashion along with the market. I took a 2/3 partial at my profit target at 92.50 then set my stop to breakeven. I scaled out the rest of my shares at 94.00.

*FEELINGS- Describe what you thought and felt during the trade? Feeling patient 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 HOD with confirmation. Bad: I exited my position without confirming the loss of the 9EMA leaving profits on the table.

*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 a good execution, and I was able to take profits. I exited the trade without confirming the loss of the technical stop so that I can execute another setup with a different ticker that was presenting.

*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 trade and exercise 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 ()Go (X)No Go