TSLA Trade on Jan 30, 2023 09:35 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 1
Set#: 5-minute ORBD_02_04
Ticker: TSLA
Strategy: (X)ORBU ()ORBD ()HODB ()LODB
Market Condition: (X)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 ()1.50 (X)2
Position Size: 25
Entry: 174.85
Technical Stop: ORL
Hard Stop: 176.85
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between
Target1: 173.50 ()DP()LRC()BB()MA(X)PSY | Target2: 173.00 ()DP()LRC()BB()MA(X)PSY | Target3: 169.00 (X)DP()LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 173.89 Exit2: 174.87 Exit3: Exit4:

**What was the result of the trade, what happened? Profit. Market was gapping up. I took a trade at 174.85 with 25 shares when price action broke the ORL. The premarket low was in the way of profit targets at 173.50 and 173. I had a daily pivot at 169.00. My technical stop was the break of ORL, and my hard stop was based on the 5-minute ATR at 176.85. I took a 2/3 partial at 173.99 and moved my stop to breakeven. Price action made a new LOD and reversed. I stopped out when price action broke the ORL.

*FEELINGS- Describe what you thought and felt during the trade? Feeling ready and focused.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Price action broke the ORL with momentum and was clear of moving averages that could act support. Bad: The premarket was in the way acting as potential support. Price action made a new LOD 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)? It was a good setup but failed to hit my profit targets.

*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 watch for support levels that can be in the way of profit targets.

*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