TSLA Trade on Jan 27, 2023 12:20 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 4
Set#: HODB_Set01_08
Ticker: TSLA
Strategy: ()ORBU ()ORBD (X)HODB ()LODB
Market Condition: (X)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 ()1.50 (X)2
Position Size: 25
Entry: 176.6
Technical Stop: Loss of previous HOD
Hard Stop: 174.60
LRC Break (after 10:00 am): ()Yes ()No (X)In Between
Bollinger Bands Break (after 10:00 am): (X)Yes ()No ()In Between
Target1: 177.50 ()DP()LRC()BB()MA(X)PSY | Target2: 178.00 ()DP()LRC()BB()MA(X)PSY | Target3: 182.50 (X)DP()LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 177.93 Exit2: 176.91 Exit3: Exit4:

**What was the result of the trade, what happened? Profit. Market was gapping up. I took a trade at 176.6 with 25 shares when price action broke HOD with confirmation. There were no moving averages in the way of profit targets at 177.50 and 178. I had a daily pivot at 182.50. My technical stop was the loss of the previous HOD, and my hard stop was based on the 5-minute ATR at 174.60. I took a 2/3 partial at 177.93 and moved my stop to breakeven. I scaled out the rest of my shares at 176.91.

*FEELINGS- Describe what you thought and felt during the trade? Continuing to feel confident with my execution.

*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 made a new HOD 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 stock was already extended, but I saw an opportunity to take a 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? Continue to take the setup.

*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

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Execution detail:

Date/time Symbol Side Price Position
2023-01-27 12:20:08 TSLA buy $176.600 long
2023-01-27 12:24:35 TSLA sell $177.930 long
2023-01-27 12:45:47 TSLA sell $176.910 0


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