AAPL Trade on Feb 6, 2023 09:38 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 2
Set#: Trading Error:incorrectentryperstrategy_Set01_01
Ticker: AAPL
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: 152.16
Technical Stop: Break of ORL with confirmation
Hard Stop: 153.16
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between
Target1: 151 ()DP()LRC()BB()MA(X)PSY | Target2: 150.50 ()DP()LRC()BB()MA(X)PSY | Target3: 150.00 ()DP()LRC()BB()MA(X)PSY | Target4: 149.97 (X)DP()LRC()BB()MA()PSY
Exit1: 152.37 Exit2: Exit3: Exit4:

**What was the result of the trade, what happened? Loss. Market was gapping down. I incorrectly entered an ORB trade at 152.16 with 50 shares because I incorrectly drew the line for the ORL higher than the low the candle. I exited my position since my setup was out of sync with the chart.

*FEELINGS- Describe what you thought and felt during the trade? Frustrated and not feeling in control of my execution.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Not much. Bad: Market was volatile and choppy. The opening range candle has large wicks with a small body. Price action made a new HOD and reversed.

*ANALYSIS- Does the trade make sense to you now that it is over? No.

*CONCLUSION- What is the final judgment of the trade (draw conclusions)? I was not executing my strategy with focus and attention. I didn't sleep well the night before which may had an effect on my performance.

*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 be aware of internal and external factors that may affect my performance such as quality of sleep. Also, I need to observe and understand the quality of the opening range candle as it relates to taking a trade or not. A candle with a large wick and small body is a sign of extreme volatility.

*TRADE MANAGEMENT: Strategy ()Go (X)No Go | Risk Identified ()Go (X)No Go | Profit Targets (X)Go ()No Go

*TRADE EXECUTION: Entry ()Go (X)No Go | Profit Targets/Stop Respected ()Go (X)No Go