MU Trade on Mar 30, 2023 10:51 from The_Trading_Apprentice: Tradervue User Stock Trades.

Trade#: 4
Ticker: MU
Market Condition: ()Gapping Up ()Gapping Down (X)Consolidating
Strategy: ()ORBU ()HODB ()ORBD (X)LODB ()Reversal ()After Hours
5-Minute ATR: ().50 (X)1.00 ()1.50 ()2.00 ()2.50
Beginning Position Size: 100
Avgcost: 63.23
Technical Stop: PML
Hard Stop: 64.23
LRC Level: 62.20
Bollinger Bands Level: 63.10
Level1: 62.31 (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)2/3@62.73 ()scaled out@ ()stopped out@ * Shares added ()50@ ()75@ (X)100@62.96 ()200@
Profit Taking: ()1/4@ ()1/2@ ()2/3@ ()scaled out@ (X)stopped out@63.04 * 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 LODB trade at 63.23 with 100 shares when the price action reversed past my previous trade but not technically a LODB. I set taking out the PML 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 62.20 and the Bollinger Bands was at 63.10. I had a daily pivot at 62.31. I set profit targets at .50 and 1.00 above Avgcost. The price action reversed and bounced off the premarket low which was acting as resistance to continue gapping down. I took a 2/3 partial at 62.73 and then set my stop to breakeven. I added 100 shares at 62.96 when the price action was near the 9EMA and then I set my stop to breakeven. I was eventually stopped out at breakeven.

*FEELINGS- Describe what you thought and felt during the trade? Felt good with my execution and trade management.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action was on a downward trend below VWAP. Bad: I did not confirm the break of LOD before entering.

*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)? I should have taken more time to confirm the setup.

*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 confirm my setups before executing the trade.

*TRADE MANAGEMENT: Strategy ()Go (X)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 (X)Go ()No Go

Execution detail:

Date/time Symbol Side Price Position
2023-03-30 10:51:51 MU sell $63.230 short
2023-03-30 11:49:26 MU buy $62.730 short
2023-03-30 12:26:45 MU sell $62.960 short
2023-03-30 12:30:00 MU buy $63.040 0

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