TSLA Trade on Feb 10, 2023 09:42 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 2
Set#: Trading Error:resistancetoprofit_Set01_06
Ticker: TSLA
Strategy: ()ORBU (X)ORBD ()HODB ()LODB
Market Condition: ()Gapping Up (X)Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 ()1.50 (X)2
Position Size: 25
Entry: 201.06
Technical Stop: Loss of ORL with confirmation
Hard Stop: 203.06
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between
Target1: 200 ()DP()LRC()BB()MA(X)PSY | Target2: 199.50 ()DP()LRC()BB()MA(X)PSY | Target3: 199.00 ()DP()LRC()BB()MA(X)PSY | Target4: 198.92 (X)DP()LRC()BB()MA()PSY
Exit1: 201.62 Exit2: Exit3: Exit4:

**What was the result of the trade, what happened? Loss. Market continued to gap down. I took an ORBD at 201.06 with 25 shares. I set my profit targets at 200, 199.50, and 199. I had a daily pivot at 198.92. The premarket low was in the way of my profit target. The price action broke my technical level with confirmation, so I exited the trade.

*FEELINGS- Describe what you thought and felt during the trade? Working diligently on taking good setups and managing risk.

*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 low with strong volume. Bad: The premarket low was in the way of profit targets. The price action reversed and broke my technical level 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)? I took the setup, 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 but watch for support or resistance levels in the way of profit targets.

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

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