TSLA Trade on Feb 9, 2023 10:02 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 2
Set#: Trading Error:profittargetsnotrespected_Set01_02
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: 209.69
Technical Stop: Loss of HOD with confirmation
Hard Stop: 207.69
LRC Break (after 10:00 am): (X)Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No (X)In Between
Target1: 210.50 (X)DP()LRC()BB()MA()PSY | Target2: 211.50 (X)DP()LRC()BB()MA()PSY | Target3: 212.00 (X)DP()LRC()BB()MA()PSY | Target4: 216.17 (X)DP()LRC()BB()MA()PSY
Exit1: 212.14 Exit2: 209.58 Exit3: Exit4:

**What was the result of the trade, what happened? Profit. Market continued its downward trend. The price action was moving in a strong upward trend with above average volume, so I entered a trade at 209.69 with 25 shares when the price action broke the premarket and HOD with confirmation. I set profit targets at 210.50, 211.00 and 213 as psychological levels. I had the LRC at 211.69 and a daily pivot of 216.17. I took a 2/3 partial at 212.14 and set my stop to breakeven. The stock made a new HOD of 214, but I did not move fast enough to take additional profits. The price action reversed and hit my breakeven stop.

*FEELINGS- Describe what you thought and felt during the trade? Focused on execution.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action broke the premarket high and HOD with confirmation. Strong above average volume. Bad: I did not take additional profits when the price action hit my profit target. The price action made a new HOD at 214 then reversed stopping me out at breakeven.

*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)? The trade was a good setup where I was able to take profit.

*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 need to set orders for profit targets, but that will require that I increase my equity.

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

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