META Trade on Feb 10, 2023 10:17 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 3
Set#: HODB_Set01_12
Ticker: META
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: 50
Entry: 178.83
Technical Stop: 9EMA
Hard Stop: 176.83
LRC Break (after 10:00 am): (X)Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No (X)In Between
Target1: 180.00 ()DP()LRC()BB()MA(X)PSY | Target2: 180.50 ()DP()LRC()BB()MA(X)PSY | Target3: 183.16 (X)DP()LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 177.30 Exit2: Exit3: Exit4:

**What was the result of the trade, what happened? Loss. Market was gapping up. I entered a HODB trade at 178.83 with 50 shares when the price action broke the 5-minute 200SMA and HOD with confirmation. I set profit targets at 180.00, 180.50 which were psychological levels. I had a daily pivot at 182.50. The price action did not hit my profit target and made a new HOD before reversing and losing my technical level with confirmation.

*FEELINGS- Describe what you thought and felt during the trade? Somewhat frustrated with my trading day but accepting the probabilistic nature of trading.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action broke the 5-minute 200SMA and HOD with confirmation.

*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)? it was an appropriate setup to take but the overall market reversed along with the stock failing my trade.

*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 present 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