TSLA Trade on Jan 23, 2023 10:25 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 4
Set#: Trading Error:technicalstopnotrespected_Set01_02
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: 139.49
Technical Stop: 9EMA
Hard Stop: 138.49
LRC Break (after 10:00 am): ()Yes (X)No ()In Between
Bollinger Bands Break (after 10:00 am): (X)Yes ()No ()In Between
Target1: 140.50 ()DP()LRC()BB()MA(X)PSY | Target2: 141 ()DP()LRC()BB()MA(X)PSY | Target3: 144.28 ()DP(X)LRC()BB()MA()PSY | Target4: 145.82 (X)DP()LRC()BB()MA()PSY
Exit1: 140.58 Exit2: 141.12 Exit3: Exit4:

**What was the result of the trade, what happened? Profit. Market continued to gap up. Price action continued to gap up and broke HOD, so I entered a trade at 139.49 with 25 shares. My profit targets were 140.50 and 141.00. The LRC was at 144.28 and I had a daily pivot at 145.28. I took my first partial at 140.58 and move my stop to breakeven. I took my final profit at 141.12.

*FEELINGS- Describe what you thought and felt during the trade? Feeling good with my trade execution.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Market was still gapping up. Price action broke HOD. Strong profit targets. Bad: If I had allowed the price action to test the 9EMA in the last trade this could have been a continuation trade.

*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)? This was a very good execution, and I was able to take profit. I could have allowed price action to test the 9EMA since price action continued to gap up. But overall, I am happy with 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? Allow the price action to break the 9EMA with confirmation if using the 9EMA has a technical stop.

*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