NVDA Trade on Apr 12, 2023 10:41 from The_Trading_Apprentice: Tradervue User Stock Trades.

DESCRIPTION OF TRADE
Trade#: 1
Ticker: NVDA
Market Condition: ()Gapping Up (X)Gapping Down ()Consolidating
Strategy: ()ORBU ()HODB ()ORBD (X)LODB ()Reversal ()After Hours
5-Minute ATR: (X)2.00
Beginning Position Size: 50
Avgcost: 269.61
Technical Stop: ORL
Hard Stop: 271.61
LRC Level: 267.33
Bollinger Bands Level: 268.75
Level1: 263.95 (X)DP
Profit Target1: 1.00 above Avgcost * Profit Target2: 1.50 above Avgcost
Profit Taking: (X)1/

Profit Taking: (X)1/
Shares added and (trading error)
Profit Taking: (X)scaled

*What was the result of the trade, what happened? This was a profitable trade. The market was gapping down at the time of entry. I took a LODB trade at 269.61 with 50 shares when the price action took out the PCL, premarket low, and LOD with strong volume. I set taking out the PML with confirmation as my technical stop and a 271.61 hard stop based on the ATR of the 5-minute candle prior to entry. The LRC was at 267.33 and the Bollinger Bands was at 268.75. I had a daily pivot at 263.95. I set profit targets at 1.00 and 1.50 above Avgcost. The price action gap down and I took a 1/2 partial at 268.36 and my stop to breakeven. I took another 1.2 partial at 266.95 and set stop to breakeven again. I added 13 shares at 267.50 and 26 shares at 268.17 by mistake when I intended to partial. I scaled the rest of my shares at 268.24.

*FEELINGS- Describe what you thought and felt during the trade? Feeling a little tired but ready for the trading session.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The market was gapping down and the price action broke the PCL and premarket low with momentum and above average volume. Bad: I added to my position when I intended to partial.

*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 trade was a good setup and I followed my trade plan. I need to be careful about using the correct hotkeys when taking partials.

*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