META Trade on Nov 16, 2022 10:16 from The_Trading_Apprentice: Tradervue User Stock Trades.

**Trade#: 2
*Strategy: 5-minute ORB short
*Stop loss: Break of the 9EMA on 5-minute chart
*Target1: 112.89 (whole dollar) Target2: 112 (psychological level) Target3: 113 (psychological level)
*Exit1: 114.24
*Description- What was the result of the trade? Loss.
*Feelings- What were your feelings during the trade? Ready and eagerly looking for a setup.
*Evaluation- What was good or bad about the trade? Good: Price action broke premarket and opening range low once again. Bad: SPY's price action started to chop. The LRC was not broken.
*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 when the premarket and opening range was broken for a second time, but the price action pulled back. When the price action broke the 9EMA, I exited my position. My mistake was not to confirm if I had a true break with another candle. The price action went past the 9EMA but bounced off the premarket and opening range low to continue its downward trend.
*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? Confirm all trading moves including entries, additions, profit taking and exits.
*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

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Execution detail:

Date/time Symbol Side Price Position
2022-11-16 10:16:31 META sell $113.890 short
2022-11-16 10:31:15 META buy $114.240 0


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