TSLA Trade on Feb 3, 2023 10:16 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 2
Set#: Trading Error:profittargetsnotrespected_Set01_01
Ticker: TSLA
Strategy: ()ORBU ()ORBD (X)HODB ()LODB
Market Condition: (X)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 ()1.50 (X)2
Position Size: 25
Entry: 197.57
Technical Stop: HOD
Hard Stop: 195.57
LRC Break (after 10:00 am): ()Yes (X)No ()In Between
Bollinger Bands Break (after 10:00 am): (X)Yes ()No ()In Between
Target1: 198.50 ()DP()LRC()BB()MA(X)PSY | Target2: 199.00 ()DP()LRC()BB()MA(X)PSY | Target3: 199.50 ()DP()LRC()BB()MA(X)PSY | Target4: 200.00 ()DP()LRC()BB()MA(X)PSY
Exit1: 197.56 Exit2: Exit3: Exit4:

**What was the result of the trade, what happened? Breakeven. The market continued to gap up. I took a trade when price action broke HOD with momentum. I set my profit targets at 198.50 and 199. I had daily pivots at 198.92 and 200.82. The LRC was at 199.99. Price action hit both of my profit targets, but I held out for a higher price target since there was strong upward momentum. Price action made a new HOD at exactly 199.00 then reversed. Once it lost my technical stop, I exited my position since I saw weaking momentum. The price didn't really recover after that for the rest of the market session.

*FEELINGS- Describe what you thought and felt during the trade? I allowed some greed to seep into my psychology when I could have taking profits based on my profit targets.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Market continued to gap up. Price action broke HOD with confirmation. Strong volume. Multiple indicators confirming window of opportunity. Bad: I allowed greed to miss profit taking. 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 had a excellent plan but I didn't take profit according to the plan due to greed.

*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? I will follow my profit taking plan that I set and not allow greed to make me miss profits.

*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 ()Go (X)No Go