**Trade#: 3
*Strategy: 5-minute ORB short
*Stop loss: Break of opening range low and MAs
*Target1: 87 Target2: 86 Target3: 85
*Exit1: 86.67 Exit2: 86.76
*Description- What was the result of the trade? Profit.
*Feelings- What were your feelings during the trade? Eager to get a winner.
*Evaluation- What was good or bad about the trade? Good: Stock fell after reporting earnings the day before. The setup was present with confirmation. Bad: Price action chopped for most of the trading session.
*Analysis- Does the trade make sense to you now that it is over? Yes.
*Conclusion- What is the final judgement of the trade? It was a good trade that turned into a long hold trade. Price action did not reach my profit target of 86.
*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 when present and follow excellent risk management.
*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 _Go xNo Go
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-11-09 10:55:20 | DIS | sell | $88.280 | short |
2022-11-09 15:50:05 | DIS | buy | $86.670 | short |
2022-11-09 16:00:29 | DIS | buy | $86.760 | 0 |
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