META Trade on Dec 29, 2022 13:49 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION (describe in detail):
Trade#: 4
Set#: Trading Error:noprofitopportunity_Set01_01
Ticker: META
Strategy: ()ORBU ()ORBD (X)HODB ()LODB
Market Condition: ()Gapping Up ()Gapping Down (X)Consolidating
5-Minute ATR: (X).50 ()1 ()1.50 ()2
Position Size: 50
Entry: 120.31
Hard Stop: 119.81
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
Target1: 121.50()DP()LRC()BB()MA(X)PSY | Target2: 122()DP()LRC()BB()MA(X)PSY | Target3: ()DP()LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 120.8 Exit2: Exit3: Exit4:

**What was the result of the trade, what happened? Loss. Price action broke HOD with confirmation but the overall market was choppy. After almost an hour into the trade price action was chopping around along with the market, I decided to exit my position at near breakeven.

*FEELINGS- Describe what you thought and felt during the trade? Tired of the market chop.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Price action broke HOD with confirmation. Bad: Price action was chopping around with the rest of the market.

*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)? This was a trade that I should not have taken since it was obvious that $SPY was consolidating for the rest of the trading session and there wasn't much of an opportunity to take profit.

*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? Closely observe how the stock is moving along with the general market before taking a trade.

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

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