**Trade#: 1
*Strategy: 5-minute ORB long
*Stop loss: Break of the 5-minute 9EMA
*Window of opportunity: 164.78
*Target1: 162 Target2: 163 Target3: 164
*Exit1: 158.99
*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: The Price action broke upper 50 LRC. Broke opening range high. Bad: At 10:00 the price action went extremely volatile after the release of the Michigan Consumer Sentiment report. Price action consolidated then dropped into my stop loss.
*Analysis- Does the trade make sense to you now that it is over? Yes.
*Conclusion- What is the final judgement of the trade? I faced a challenge holding through the volatile pullback and it went way past my stop loss.
*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? Maybe wait for any economic report to be released classified as high before considering a trade.
*Trade Management: Strategy xGo _No Go | Risk Identified xGo _No Go | Profit Targets xGo _No Go
*Trade Execution: Entry xGo _No Go | Profit Targets/Stop Respected _Go xNo Go
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-11-11 09:51:21 | NVDA | buy | $159.670 | long |
2022-11-11 11:12:56 | NVDA | sell | $158.990 | 0 |
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