NVDA Trade on Jun 21, 2023 09:40 from The_Trading_Apprentice: Tradervue User Stock Trades.

Description:

Trade#: 1. Ticker: NVDA. The market was gapping down at the time of entry. I took a ORBD trade at 432.5 with 25 shares when the price action took out the ORL with above average volume. I set taking out the ORL with confirmation as my technical stop and a 2.00 hard stop based on the ATR of the 5-minute candle prior to entry. The price action was below the LRC and below the BBs. I had levels at 430.00 (DP) and 426.53 (LRC). I set my 1st profit target at 431.50.

*What was the result of the trade, what happened? This was a profitable trade. The price action gapped down, and I took my 1st partial at 431.50 (2/3. I took additional partials at 430.00 (1/2) and scaled out the rest of my shares at 428.00.

*FEELINGS- Describe what you thought and felt during the trade? Felt in control of 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 broke the ORH and was below the LRC and BBs. Bad: There was room for additional profit taking towards the 426.00 level.

*ANALYSIS- Does the trade make sense to you now that it is over? Yes, I execute the trade very well based on the setup and strategy rules.

*CONCLUSION- What is the final judgment of the trade (draw conclusions)? I was very satisfied with this trade and the opportunity it provided for profit taking.

*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 as it appears 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