TSLA Trade on Dec 27, 2022 10:52 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION (describe in detail):
Trade#: 2
Set#: LODB_01_04
Ticker: TSLA
Strategy: ()ORBU ()ORBD ()HODB (X)LODB
Market Condition: ()Gapping Up (X)Gapping Down ()Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2
Position Size: 25
Entry: 114.46
Hard Stop: 115.46
Technical Stop: 9EMA
LRC Break (after 10:00 am): (X)Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): (X)Yes ()No ()In Between ()Tight (X)Open
Target1: 113.50()DP()LRC()BB()MA(X)PSY | Target2: 113()DP()LRC()BB()MA(X)PSY | Target3: 112.50()DP()LRC()BB()MA(X)PSY | Target4:111()DP(X)LRC()BB()MA()PSY
Exit1: 112.97 Exit2: 113.53 Exit3: Exit4:

**What was the result of the trade, what happened? Profit. Price action broke LOD with confirmation so I entered a short trade at 114.46 with 25 shares. I took a 2/3 partial at 112.97 and the exited the position when price action broke the 9EMA with confirmation.

*FEELINGS- Describe what you thought and felt during the trade? Reset and ready for the trade.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: $SPY was gapping down. Price action broke the LOD with confirmation. Price action broke LRC and Bollinger Bands. Bad: Price action made a new LOD and reversed.

*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)? The trade was executed well, and I followed my profit taking and risk management plan.

*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 follow 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

image


Execution detail:

Date/time Symbol Side Price Position
2022-12-27 10:52:27 TSLA sell $114.460 short
2022-12-27 11:04:02 TSLA buy $112.970 short
2022-12-27 11:35:45 TSLA buy $113.530 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in