AMD Trade on Feb 1, 2023 09:39 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 2
Set#: 5-minute ORBU_02_07
Ticker: AMD
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: 50
Entry: 79.6
Technical Stop: ORH
Hard Stop: 78.6
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between
Target1: 80.50 ()DP()LRC()BB()MA(X)PSY | Target2: 81 ()DP()LRC()BB()MA(X)PSY | Target3: 83.27 (X)DP()LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 80.6 Exit2: 80.98 Exit3: Exit4:

**What was the result of the trade, what happened? Profit. Market was gapping up at the time of entry. $AMD reported strong earnings after hours yesterday. Stock had large RVOL of 362%. Large L2 orders on the ask side. Price action broke the premarket and opening range high along with the daily 200SMA with momentum. I took a trade at 79.6 with 50 shares. Profit targets were 80.50 and 81.00 with a daily pivot at 83.27. I took a 2/3 partial at 80.6 and move my stop to breakeven. I scaled out the rest of my shares at 80.98.

*FEELINGS- Describe what you thought and felt during the trade? Feeling confident with the trade.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Price action broke the premarket and opening rage high along with the daily 200SMA with momentum. Bad: Price action made a new HOD and then 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)? Good setup and execution that allowed me to take profit.

*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 (X)Go ()No Go