TSLA Trade on Dec 28, 2022 09:42 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION (describe in detail):
Trade#: 3
Set#: Trading Error:notwaitingforconfirmation_Set01_01 | Trading Error:paststop_Set01_1-03
Ticker: TSLA
Strategy: ()ORBU ()ORBD (X)HODB ()LODB
Market Condition: (X)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 ()1.50 (X)2
Position Size: 25
Entry: 116.15
Hard Stop: 114.15
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: 117()DP()LRC()BB()MA(X)PSY | Target2: 117.50()DP()LRC()BB()MA(X)PSY | Target3: 118()DP()LRC()BB()MA(X)PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 113.89 Exit2: Exit3: Exit4:

**What was the result of the trade, what happened? Loss. Took a HODB when the price action broke the premarket high. I did not wait for confirmation, so this was a trading error. Price action made a new HOD then reversed stopping me out. I allowed the price action to go past my stop.

*FEELINGS- Describe what you thought and felt during the trade? Still not feeling I was processing information well.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: None. Bad: I didn't wait for confirmation of the break of the premarket high.

*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 took the trade, but not clearly thinking through the trade.

*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? When I feel that I am not processing well information the market has given me, I need to stop and take a break to reset.

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

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

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Execution detail:

Date/time Symbol Side Price Position
2022-12-28 09:42:49 TSLA buy $116.150 long
2022-12-28 09:44:57 TSLA sell $113.890 0


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