TSLA Trade on Feb 9, 2023 09:39 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 1
Set#: 5-minute ORBU_02_11
Ticker: TSLA
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: 25
Entry: 208.39
Technical Stop: Loss of ORH with confirmation
Hard Stop: 206.89
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between
Target1: 209.50 (X)DP()LRC()BB()MA()PSY | Target2: 209.50 ()DP()LRC()BB()MA(X)PSY | Target3: 211.74 (X)DP()LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 206.89 Exit2: Exit3: Exit4:

**What was the result of the trade, what happened? Loss. Market was gapping down at the time of entry. I entered at 208.39 with 25 shares when price action broke the opening range high. I set profit targets at 209.50, 210.00, and 210.50. The premarket high was in the way of profit targets. I had a daily pivot at 211.74. The price action made a new HOD then reversed and stopped me out.

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

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action broke the opening range high with slightly above average volume and the opening candle had above average volume forming a red hammer candle. Bad: The premarket high was in the way of profit targets. The price action formed a new HOD then reversed stopping me out.

*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 executed the setup and managed my risk, but the trade eventually failed.

*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 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