TSLA Trade on Feb 8, 2023 09:36 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 1
Set#: Trading Error:technicalstopnotrespected_Set01_04
Ticker: TSLA
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: 196.87
Technical Stop: Loss of the opening range high with confirmation
Hard Stop: 195.87
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between
Target1: 197.50 ()DP()LRC()BB()MA(X)PSY | Target2: 198.00 ()DP()LRC()BB()MA(X)PSY | Target3: 198.50()DP()LRC()BB()MA(X)PSY | Target4: 200.82 (X)DP()LRC()BB()MA()PSY
Exit1: 198.44 Exit2: 197.66 Exit3: Exit4:

**What was the result of the trade, what happened? Profit. The market was gapping up strong at the market open. I entered a trade at 196.87 with 23 shares when price action broke the opening range high with strong volume. I set profit targets at 197.50, 198.00, and 198.50. I had a daily pivot at 200.82. I took a 2/3 partial at 198.44 and set my stop to breakeven. I scaled out the rest of my position at 197.66 but didn't allow price action to test the breakeven point before it bounced off VWAP and reversed to the upside again.

*FEELINGS- Describe what you thought and felt during the trade? Rested and ready.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Overall market was gapping up. Price action broke the opening range high with strong volume. Bad: I didn't allow the price action to test the breakeven point or VWAP before it reversed to the upside.

*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 took the setup and executed the trade which allowed me to take profit in the process. I could have allowed price action to test levels which would have afforded me additional profit taking opportunities when it reversed to the upside.

*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. Also allowed price action to test levels before exiting a trade.

*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