NVDA Trade on Apr 27, 2023 10:45 from The_Trading_Apprentice: Tradervue User Stock Trades.

DESCRIPTION OF TRADE
Trade#: 2
Ticker: NVDA
$SPY Condition: Consolidating
Strategy: Reversal
Price@LRC: Above
Price@BBs: Above
Bookmap areas: 269.40, 270.00
5-Minute ATR: 1.00
Beginning Position Size: 50
Avgcost: 268.50
Technical Stop: 9EMA
Hard Stop: 267.50
Level1: 276.21 (DP)
Level2: 271.65 (LRC)
Level3: 270.96 (BBs)
1st Profit Target: 269.50
Profit Taking: 269.00 (1/2)
Shares Added:
Exit: 268.49 (breakeven)
Trading Error:

*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 reversal trade at 268.50 with 50 shares when the price action reversed above the LRC and BBs. 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 price action was above the LRC and the BBs. I had levels at 276.21 (DP), 271.65 (LRC), and 270.96 (BBs). I set my 1st profit target at 269.50. The price action gapped up above VWAP and I took a 1/2 partial at 269.00. I set my stop to breakeven where I was stopped out.

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

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? The price action took out the LRC and BBs to the long side. Bad: I did not enter earlier when the price action formed a new LOD and 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)? This was a good trade, but I should have entered earlier after the new LOD was formed. I would have had 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? I will enter a reversal trade sooner when the signals tell me to do so.

*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 ()Go (X)No Go * Profit Targets/Stop Respected (X)Go ()No Go