NVDA Trade on Mar 29, 2023 16:32 from The_Trading_Apprentice: Tradervue User Stock Trades.

DESCRIPTION OF TRADE
Trade#: 4
Ticker: NVDA
Market Condition: ()Gapping Up ()Gapping Down (X)Consolidating
Strategy: ()ORBU (X)HODB ()ORBD ()LODB ()Reversal ()After Hours
5-Minute ATR: ().50 (X)1.00 ()1.50 ()2.00 ()2.50
Beginning Position Size: 100
Avgcost: 270.22
Technical Stop: 9EMA
Hard Stop: 269.22
LRC Level: 273.40
Bollinger Bands Level: 271.79
Level1: 275.58 (X)DP ()MA * Level2: ()DP ()MA * Level3: ()DP ()MA * Level4: ()DP ()MA
Profit Target1: .50 above Avgcost * Profit Target2: 1.00 above Avgcost * Profit Target3: * Profit Target4:
Profit Taking: ()1/4@ ()1/2@ (X)2/

()scaled out@ ()stopped out@ * Shares added ()50@ ()75@ ()100@ ()200@
Profit Taking: ()1/4@ ()1/2@ ()2/3@ ()scaled out@ (X)stopped * Shares added ()50@ ()75@ ()100@ ()200@
Profit Taking: ()1/4@ ()1/2@ ()2/3@ ()scaled out@ ()stopped out@ * Shares added ()50@ ()75@ ()100@ ()200@
Profit Taking: ()1/4@ ()1/2@ ()2/3@ ()scaled out@ ()stopped out@ * Shares added ()50@ ()75@ ()100@ ()200@

*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 a HODB trade at 270.22 with 100 shares when the price action took out the HOD with above average volume. I set taking out 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. The LRC was at 273.40 and the Bollinger Bands was at 271.79. I had a daily pivot at 275.58. I set profit targets at .50 and 1.00 above the Avgcost. The price action consolidated but eventually gapped up and I took a 2/3 partial at 270.75 then set my stop to breakeven. The price action reversed to the downside and hit my breakeven stop.

*FEELINGS- Describe what you thought and felt during the trade? Continuing to stay focused on trading my plan.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action took out the HOD with above average volume. Bad: The price action eventually reversed hitting my breakeven stop.

*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 based on indicators and VPA where 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 (X)Go ()No Go