TSLA Trade on Dec 27, 2022 09:35 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION (describe in detail):
Trade#: 1
Set#: Trading Error:wrong ticker_Set01_02
Ticker: TSLA
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: 118.17
Hard Stop: 119.17
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: 115()DP()LRC()BB()MA(X)PSY | Target2: 114.50()DP()LRC()BB()MA(X)PSY | Target3: ()DP()LRC()BB()MA()PSY | Target4:()DP()LRC()BB()MA()PSY
Exit1: 115.59 Exit2: 116.3497 Exit3: Exit4:

**What was the result of the trade, what happened? Profit. Enter a position for the wrong ticker which show the entry for an ORBD trade at the loss of the opening range high. I decided to stay with the trade since it was gapping down through the moving averages. I took a 2/3 partial and then added 25 shares to my position when price action bounced off the 9EMA. Price action continued to gap down then reversed and broke the 9EMA with confirmation.

*FEELINGS- Describe what you thought and felt during the trade? Feeling somewhat tired from holiday activities.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: SPY was gapping down. $TSLA was gapping down. Bad: I traded the wrong ticker. Entered a position with the moving averages in the way of profit targets.

*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)? Though it was a winning trade, the ticker traded was incorrect.

*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? I plan to move the watchlist to the top of the montage so I can quickly enter the correct ticker into the montage before entering a trade.

*TRADE MANAGEMENT: Strategy ()Go (X)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 (X)Go ()No Go

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Execution detail:

Date/time Symbol Side Price Position
2022-12-27 09:35:36 TSLA sell $118.170 short
2022-12-27 09:42:43 TSLA buy $115.590 short
2022-12-27 09:58:29 TSLA sell $115.340 short
2022-12-27 10:09:04 TSLA buy $116.350 0


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