AMD Trade on May 3, 2023 09:47 from The_Trading_Apprentice: Tradervue User Stock Trades.

DESCRIPTION OF TRADE
Trade#: 3
Ticker: AMD
$SPY Condition: Gapping up
Strategy: LODB
Price@LRC: Below
Price@BBs: Above
Bookmap large areas of liquidity: 82.00, 84.00
5-Minute ATR: 1.00
Beginning Position Size: 50
Avgcost: 82.34
Technical Stop: PML
Hard Stop: 83.50
Level1: 81.79 (DP)
Level2: 80.12 (DP)
Level3: 81.04 (BBs)
1st Profit Target:
Profit Taking:
Shares Added:
Exit: 83.41
Trading Errors:

*What was the result of the trade, what happened? This was a failed trade. The market was gaping up at the time of entry. I took a LODB trade at 82.34 with 50 shares when the price action took out the ORL and PML with momentum and strong volume. 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 price action was below the LRC and above the BBs. I had levels at 81.79 (DP), 80.12 (DP), 81.04 (BBs). I set my 1st profit target at 81.00. The price action gapped down and made a new LOD before reversing and stopping me out at my hard stop.

*FEELINGS- Describe what you thought and felt during the trade? Continue to remain focused on setups, 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 took out the ORL and PML with momentum and strong volume. Bad: The price action made a new LOD, reversed and took out my hard stop.

*ANALYSIS- Does the trade make sense to you now that it is over? Yes. It was a good setup based on my trade book, but failed.

*CONCLUSION- What is the final judgment of the trade (draw conclusions)? I felt good with my setup and execution.

*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