**Trade#: 1
*Strategy: 5-minute ORB short
*Stop loss: Break of opening rage low
*Target1: 157 (pivot level) Target2: 154 (pivot level)
*Exit1: 160.79
*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: Price broke premarket and opening range low. Price broke LRC. Bad: Price action reversed on strong market upward trend.
*Analysis- Does the trade make sense to you now that it is over? Yes.
*Conclusion- What is the final judgement of the trade? I took the setup, but the market reversed so I exited my position to protect my capital. Also, CMEG had difficulty calculating my buying power, so I was not able to trade for the rest of the day.
*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 trade my setups and practice excellent risk management.
*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 xGo _No Go
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-11-14 09:43:57 | NVDA | sell | $160.130 | short |
2022-11-14 09:52:48 | NVDA | buy | $160.790 | 0 |
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