META Trade on Feb 2, 2023 10:19 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 2
Set#: 5-minute ORBU_02_09
Ticker: META
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: 50
Entry: 184.95
Technical Stop: ORH
Hard Stop: 182.95
LRC Break (after 10:00 am): ()Yes (X)No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No (X)In Between
Target1: 181.50 ()DP()LRC()BB()MA(X)PSY | Target2: 186 ()DP()LRC()BB()MA(X)PSY | Target3: 186.50 ()DP()LRC()BB()MA()PSY | Target4: 191.060 (X)DP()LRC()BB()MA()PSY
Exit1: 186.21 Exit2: 187.69 Exit3: 188.93 Exit4:

**What was the result of the trade, what happened? Profit. Market was gapping up with strong momentum. $META reported strong earnings yesterday after hours. I took an ORBU trade at 184.95 with 50 shares when price action broke the premarket and opening range high with momentum. Profit targets were psychological levels at 188.50, 186.00, and 186.50. I had a daily pivot at 191.06 and there were no moving averages or other technical levels in the way of profit targets. I took a 2/3 partial at 186.21 and another 1/2 partial at 187.69. I scaled out the rest of my shares at 188.93.

*FEELINGS- Describe what you thought and felt during the trade? Feeling confident with the market's upward movement.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: $META reported strong earnings. Price action broke the premarket and opening range high. I had a large window of opportunity for profits. Bad: I could have allowed the price action to move more since it had not broken the 9EMA with confirmation.

*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 was very happy with my execution and profit taking.

*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 trade 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