**Trade#: 3
*Strategy: Trading Error
*Stop loss: 155.67 (loss of daily pivot)
*Target1: 153.28 (daily pivot) Target2: 148.91 (daily pivot)
*Exit1: 154.55
*Description- What was the result of the trade? Loss/Breakeven.
*Feelings- What were your feelings during the trade? Not thinking through my trades. Feelings of revenge trading to make up my loss.
*Evaluation- What was good or bad about the trade? Good: Price action broke premarket and opening range low. A daily pivot level at 155.67 was also broken. Bad: I exited my position when I saw the general market moving in a volatile and consolidating manner that didn't give me confidence to continue the trade.
*Analysis- Does the trade make sense to you now that it is over? No.
*Conclusion- What is the final judgement of the trade? This entry was unnecessary since it was based more on feelings of revenge trading and not on rational thought.
*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? Stick to not trading after I hit my max loss for the day.
*Trade Management: Strategy _Go xNo Go | Risk Identified _Go xNo Go | Profit Targets _Go xNo Go
*Trade Execution: Entry _Go xNo Go | Profit Targets/Stop Respected _Go xNo Go
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-11-18 10:05:26 | NVDA | sell | $154.460 | short |
2022-11-18 10:10:30 | NVDA | buy | $154.550 | 0 |
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