TSLA Trade on Jan 23, 2023 09:42 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 3
Set#: Trading Error:technicalstopnotrespected_Set01_01
Ticker: TSLA
Strategy: ()ORBU ()ORBD (X)HODB ()LODB
Market Condition: (X)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2
Position Size: 25
Entry: 137.32
Technical Stop: 9EMA
Hard Stop: 136.32
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between
Target1: 138.00 ()DP()LRC()BB()MA(X)PSY | Target2: 138.50 ()DP()LRC()BB()MA(X)PSY | Target3: ()DP()LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 139.04 Exit2: 138.22 Exit3: Exit4:

**What was the result of the trade, what happened? Profit. Market continued its upward trend. Price action broke HOD and I reentered a trade at 137.32 with 25 shares. My profit targets were 140.50 and 141.00. The LRC was at 144.28 and a daily pivot at 145.82. I took a partial at 139.04 and set my stop to breakeven. I took final profit at 138.22 when the price action made a LH/LL.

*FEELINGS- Describe what you thought and felt during the trade? Reset from the previous trades and feeling ready.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Market continued to gap up. Price action broke opening range high, premarket high, and HOD. Profit targets were 138.00 and 138.50. Daily pivot at 145.82. Bad: Technical stop not respected.

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

*CONCLUSION- What is the final judgment of the trade (draw conclusions)? It was a good setup in a market that was overall gapping up. I would have greater opportunity for profit taking if I would have allowed the price action to test the 9EMA.

*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? Allow the trade to fully work by letting the price action test the 9EMA before exiting the trade.

*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 ()Go (X)No Go