NVDA Trade on Feb 2, 2023 09:39 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 1
Set#: 5-minute ORBU_02_08
Ticker: NVDA
Strategy: (X)ORBU ()ORBD ()HODB ()LODB
Market Condition: ()Gapping Up (X)Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 (X)1.50 ()2
Position Size: 50
Entry: 212.69
Technical Stop: ORH
Hard Stop: 211.19
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between
Target1: 213.50 ()DP()LRC()BB()MA(X)PSY | Target2: 214.00 ()DP()LRC()BB()MA(X)PSY | Target3: 226.70(X)DP()LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 214.12 Exit2: 213.52 Exit3: Exit4:

**What was the result of the trade, what happened? Profit. Market was gapping down. I took an ORBU trade at 212.69 with 50 shares when price action broke the opening range high with momentum. Profit targets were psychological levels at 213.50 and 214.00. I had a daily pivot of 226.70 and there were no moving averages or other technical levels in the way of profit targets. I took a 2/3 partial at 214.12 and scaled out the rest of my shares at 213.52.

*FEELINGS- Describe what you thought and felt during the trade? I felt ready and prepared to execute my trade plan.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Price action was gapping up with volume and broker the opening range high. No resistance in the path of profit targets. 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)? I was satisfied with my execution and results.

*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 when presented 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