TSLA Trade on Dec 21, 2022 09:48 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION (describe in detail):
Trade#: 3
Set#: Trading Error:resistancetoprofit_Set01_01 | Trading Error:targetsetting_Set01_01
Ticker: TSLA
Strategy: (X)ORBU ()ORBD ()HODB ()LODB
Market Condition: (X)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 ()1.50 (X)2
Position Size: 25
Entry: 139.77
Hard Stop: 137.77
Technical Stop: 9EMA
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between ()Tight ()Open
Target1: 142()DP()LRC()BB()MA(X)PSY | Target2: 143()DP()LRC()BB()MA(X)PSY | Target3: 145.82(X)DP()LRC()BB()MA()PSY | Target4:()DP()LRC()BB()MA()PSY
Exit1: 138.8003 Exit2: Exit3: Exit4:

**What was the result of the trade, what happened? Loss. I reversed my mindset from shorting to the ling side. Price action broke the opening range high, and I entered a trade with a target of 142. Price action made a new HOD at 141.25 and reversed. I exited the trade when I saw price action going against my position. I did not feel I was controlling my execution well since the 100/200SMA was in the way of my profit targets.

*FEELINGS- Describe what you thought and felt during the trade? Rushed and not in control.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Price action broke through VWAP, 9EMA, 20EMA, and opening range high. Bad: Price made a new HOD and reversed. The 100/200SMA was in the way of profit targets. I place my first profit target at 142 which was more than $2 away.

*ANALYSIS- Does the trade make sense to you now that it is over? No, it doesn't.

*CONCLUSION- What is the final judgment of the trade (draw conclusions)? I rushed into this trade and was distracted with things as I discussed in my last $TSLA trade. I should have stayed out of this trade since there was resistance in the way.

*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? Focus on implementing my action plan from the last trade. Watch out for resistance in the way of profit targets. Set more realistic price targets.

*TRADE MANAGEMENT: Strategy (X)Go ()No Go | Risk Identified ()Go (X)No Go | Profit Targets ()Go (X)No Go

*TRADE EXECUTION: Entry ()Go (X)No Go | Profit Targets/Stop Respected ()Go (X)No Go