Trade#: 2
*Strategy: Continuation Long
*Stop loss: Break of Daily Pivot Level
*Target1: 97
*Target2: 98
*Target3: 99
*Target4:
*Exit1: 96.4 (breakeven)
*Exit2:
*Exit3:
*Exit4:
*Description- What was the result of the trade? Breakeven
*Feelings- What were your feelings during the trade? Relaxed and ready.
*Evaluation- What was good or bad about the trade? Good: Price action above premarket high, 5-minute opening range high, daily pivot level and upper LRC level. Bad: Market continued its volatility and choppiness, so I decided to remove my position and preserve capital.
*Analysis- Does the trade make sense to you now that it is over? No.
*Conclusion- What is the final judgement of the trade? The setup was present, but the market could not sustain the breakout.
*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 my setups as they present and watch the market reaction very closely.
*Trade Management:
Strategy xGo _No Go
Risk Identified xGo _No GO
Profit Targets _Go xNo Go
*Trade Execution:
Entry xGo _No Go
Profit Targets/Stop Respected xGo _No GO
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-11-07 10:51:19 | META | buy | $96.400 | long |
2022-11-07 11:01:49 | META | sell | $96.400 | 0 |
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