NVDA Trade on Jan 25, 2023 09:35 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 1
Set#: 5-minute ORBU_02_05
Ticker: NVDA
Strategy: (X)ORBU ()ORBD ()HODB ()LODB
Market Condition: (X)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2
Position Size: 25
Entry: 190.53
Technical Stop: Opening range high
Hard Stop: 189.53
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between
Target1: 191.50 ()DP()LRC()BB()MA(X)PSY | Target2: 192.00 ()DP()LRC()BB()MA(X)PSY | Target3: 192.45 (X)DP()LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 191.54 Exit2: 190.43 Exit3: Exit4:

**What was the result of the trade, what happened? Profit. Market was gapping up. Price action broke the opening range high, so I entered a trade at 190.53 with 25 shares. My profit targets were 191.50 and 192. I had a daily pivot at 192.45. I took a 2/3 partial at 191.52 and scaled out the rest of my shares at 190.43.

*FEELINGS- Describe what you thought and felt during the trade? Felt in control of my execution.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Price action broke opening range high with momentum. Price action broke through the 200SMA. Bad: Price action lost momentum and reversed.

*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)? The trade was fast paced but I was able to keep up and take profit in the process.

*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 as it presents 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 (X)Go ()No Go