**Trade#: 3
*Strategy: HOD Break
*Stop loss: Loss of 50SMA on 5-minute chart
*Target1: 78.27 (LRC) Target2: 79 (psychological level) Target3: 79.50 (psychological level) Target4: 80 (psychological level)
*Exit1: 79.01 Exit2: 78.99
*Description- What was the result of the trade? Profit.
*Feelings- What were your feelings during the trade? Eager to find a setup from my watchlist.
*Evaluation- What was good or bad about the trade? Good: Price action broke HOD and 52-week high. Bad: Under LRC.
*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 trade that took some time to work, and the price action stayed above the 9/20EMA on the 5-minute chart.
*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 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 |
---|---|---|---|---|
2022-11-16 11:32:18 | TJX | buy | $77.850 | long |
2022-11-16 14:53:09 | TJX | sell | $79.010 | long |
2022-11-16 15:59:59 | TJX | sell | $78.990 | 0 |
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