**Trade#: 1
*Strategy: 5-minute ORB long
*Stop loss: Loss of ORB high
*Target1: 54 Target2: 55 Target3: 56 Target4:
*Exit1: 51.92 Exit2: Exit3: Exit4:
*Description- What was the result of the trade? Loss
*Feelings- What were your feelings during the trade? Rested and ready.
*Evaluation- What was good or bad about the trade? Good: Broke LRC 100. Bollinger Bands open. Bad: Did not wait for candle confirmation.
*Analysis- Does the trade make sense to you now that it is over? Yes.
*Conclusion- What is the final judgement of the trade? I entered an aggressive trade without a candle confirmation, so I exited my position to protect my capital.
*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? Wait for another candle confirmation once the 5-minute opening range is broken.
*Trade Management: Strategy xGo _No Go | Risk Identified xGo _No Go | Profit Targets xGo _No Go
*Trade Execution: Entry _Go xNo Go | Profit Targets/Stop Respected xGo _No Go
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-11-08 09:37:01 | FIVN | buy | $52.620 | long |
2022-11-08 09:43:00 | FIVN | sell | $51.920 | 0 |
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