NVDA Trade on Mar 24, 2023 10:41 from The_Trading_Apprentice: Tradervue User Stock Trades.

DESCRIPTION OF TRADE
Trade#: 3
Ticker: NVDA
Strategy: ()ORBU ()HODB ()ORBD (X)LODB ()Reversal ()After Hours
Market Condition: ()Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 ()1.50 (X)2 ()2.50
Beginning Position Size: 100
Entry (AvgCost): 26.71
Technical Stop: ORL
Hard Stop: 269.71
LRC Level: 265.21
Bollinger Bands Level: Price action below
Level1: 263.99 (X)DP ()MA * Level2: ()DP ()MA * Level3: ()DP ()MA * Level4: ()DP ()MA
Profit Target1(psy): 265.5 * Profit Target2(psy): * Profit Target3(psy): * Profit Target4(psy):
Exit1: 265.40 * Exit2: * Exit3: * Exit4: * Exit5:

*What was the result of the trade, what happened? This was a profitable trade. The market's direction was not noted at the time of entry. I took a LODB trade at 267.74 with 100 shares when the price action broke the premarket low and LOD with above average volume. The LRC was at 265.71 and the price action was below Bollinger Bands level. I set the break of the 9EMA with confirmation as my technical stop and a 2.00 hard stop based on the ATR of the 5-minute candle prior to entry. I had a daily pivot at 263.99. I set profit targets at 265.5. The price action continued its downward path, but then pullback to the 9EMA with confirming the break. I took a 1/2 partial then set to breakeven. The price action continued to move down, so I added shares and set to breakeven. I was finally stopped out at breakeven.

*FEELINGS- Describe what you thought and felt during the trade? Continued focus on executing and trade management.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action broke the premarket low and LOD with above average volume. Bad: Added shares without sufficient pullback to the 9EMA. The price action made a new LOD then 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)? It was not a clean setup, but 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 when present 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

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Execution detail:

Date/time Symbol Side Price Position
2023-03-24 10:41:58 NVDA sell $267.710 short
2023-03-24 11:29:05 NVDA buy $267.490 short
2023-03-24 11:56:18 NVDA buy $265.490 short
2023-03-24 12:01:39 NVDA sell $264.830 short
2023-03-24 12:05:18 NVDA buy $265.420 0


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