NVDA Trade on Jan 31, 2023 09:59 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 3
Set#: 5-minute ORBD_02_05
Ticker: NVDA
Strategy: ()ORBU (X)ORBD ()HODB ()LODB
Market Condition: ()Gapping Up (X)Gapping Down ()Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2
Position Size: 50
Entry: 190.53
Technical Stop: ORL
Hard Stop: 192.53
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between
Target1: 189.50 ()DP()LRC()BB()MA(X)PSY | Target2: 189 ()DP()LRC()BB()MA(X)PSY | Target3: 187.9 (X)DP()LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 191.58 Exit2: Exit3: Exit4:

**What was the result of the trade, what happened? Loss. Market was gapping down. I took a ORBD trade at 190.53 with 50 shares when price action broke the opening range low with strong momentum and broke through the 100SMA and 50 SMA. My profit targets were 189.50 and 189. I had a daily pivot at 187.90. Price action made a new LOD at 189.50 and reversed. Price action hit my stop and I stopped out.

*FEELINGS- Describe what you thought and felt during the trade? Frustrated with how the market was chopping around.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Price action broke through the opening range low with momentum. Bad: 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)? I recovered quickly with an incorrect direction for my last trade, but I fumbled a bit with this 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 and make sure I am entering the correct direction for the trade I am about to take.

*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