NVDA Trade on Apr 24, 2023 10:49 from The_Trading_Apprentice: Tradervue User Stock Trades.

DESCRIPTION OF TRADE
Trade#: 2
Ticker: NVDA
$SPY Condition: Gapping up
Strategy: LODB
Price@LRC:
Price@BB:
Bookmap areas: 268, 267
5-Minute ATR: 1.50
Beginning Position Size: 50
Avgcost: 268.48
Technical Stop: ORL
Hard Stop: 269.98
Level1: 263.95 (DP)
Level2:
Level3:
1st Profit Target: AC -.25 Buy 1/4
Profit Taking: 268.23
Shares Added: 0
Exit:

*What was the result of the trade, what happened? This was a profitable trade. The market was gapping up at the time of entry. I took a LODB trade at 268.48 with 50 shares when the price action took out the ORL and premarket low with average volume. I set taking out the ORL with confirmation as my technical stop and a 1.50 hard stop based on the ATR of the 5-minute candle prior to entry. The LRC was at 269.40 and the Bollinger Bands was at 268.37. I had a daily pivot at 263.95. I set my 1st profit target at AC -.25 Buy 1/4. The price action began to chop after entry then gapped down where I took a 1/4 partial and set my stop. I was stopped out at breakeven.

*FEELINGS- Describe what you thought and felt during the trade? A little tired and started late, 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 price action took out the ORL and premarket low. Bad: The volume and momentum dropped. The price action started to consolidate, made a new LOD, then reversed.

*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 entered at the loss of the premarket low to get a better risk to reward.

*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 watch for volume changes.

*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