NVDA Trade on Dec 22, 2022 09:36 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION (describe in detail):
Trade#: 1
Set#: 5-minute ORBD_02_01
Ticker: NVDA
Strategy: ()ORBU (X)ORBD ()HODB ()LODB
Market Condition: ()Gapping Up (X)Gapping Down ()Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2
Position Size: 25
Entry: 158.81
Hard Stop: 159.81
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: 158()DP()LRC()BB()MA(X)PSY | Target2: 157()DP()LRC()BB()MA(X)PSY | Target3: 156.67(X)DP()LRC()BB()MA()PSY | Target4:150.67()DP()LRC()BB(X)MA()PSY
Exit1: 156.96 Exit2: 157.23 Exit3: Exit4:

**What was the result of the trade, what happened? Profit. $SPY was on a strong downward trend. Price action broke opening range low so I entered a trade at 158.81 with 25 shares. I took my first partial (2/3) at 156.96. which was near my target of 157 and set my stop to breakeven. I exited my position when the price action started to gap up, but it never broke the 9EMA with confirmation and I left a lot of potential profits on the table. I had to take care of errands before the expected snowstorm hit so I couldn't continue with the trade.

*FEELINGS- Describe what you thought and felt during the trade? Felt reset and ready to trade.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Price action broke the opening range low with momentum from overall market downward trend. Bad: Price action never broke the 9EMA with confirmation and continue to fall.

*ANALYSIS- Does the trade make sense to you now that it is over? Yes, it does.

*CONCLUSION- What is the final judgment of the trade (draw conclusions)? It was a good trade with excellent execution, but I could not continue with the trade due to errands.

*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 (X)Go ()No Go | Risk Identified (X)Go ()No Go | Profit Targets (X)Go ()No Go

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