AAPL Trade on Jan 24, 2023 11:29 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 3
Set#: Trading Error:stopnotrespected_Set01_02
Ticker: AAPL
Strategy: ()ORBU ()ORBD (X)HODB ()LODB
Market Condition: ()Gapping Up ()Gapping Down (X)Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2
Position Size: 50
Entry: 142.4
Technical Stop: 20EMA
Hard Stop: 141.40
LRC Break (after 10:00 am): (X)Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No (X)In Between
Target1: 143 ()DP()LRC()BB()MA()PSY | Target2: 143.50 ()DP()LRC()BB()MA()PSY | Target3: 144.08 ()DP(X)LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 142.2 Exit2: Exit3: Exit4:

**What was the result of the trade, what happened? Loss. Market was in consolidation. I entered a trade at 142.4 with 25 shares when the price action broke HOD with confirmation. I set profit targets at 143 and 143.50. I had a level at 144.08. Price action struggled to keep momentum and was consolidating for a while. Price action reached 142.87 and then reversed losing the 20EMA but without confirmation.

*FEELINGS- Describe what you thought and felt during the trade? Frustrated with the choppiness of the price action.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Price action broke HOD for a second time. Bad: Price action reversed and lost the 20EMA, but I didn't allow the candle to confirm.

*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)? If I would have waited for confirmation of the loss of the 20EMA I could have allowed the price action to reverse to the upside and reach my profit target, but I had to step out for a few minutes.

*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 and practice 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 ()Go (X)No Go