TSLA Trade on Feb 14, 2023 09:37 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 2
Set#: 5-minute ORBU_02_13
Ticker: TSLA
Strategy: (X)ORBU ()ORBD ()HODB ()LODB
Market Condition: (x)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 ()1.50 (X)2
Position Size: 25
Entry: 194.62
Technical Stop: Loss of ORH with confirmation
Hard Stop: 192.62
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between
Target1: 195.50 ()DP()LRC()BB()MA(X)PSY | Target2: 196.00 ()DP()LRC()BB()MA(X)PSY | Target3: 196.50 ()DP()LRC()BB()MA(X)PSY | Target4: 199.00(X)DP()LRC()BB()MA()PSY
Exit1: 197.10 Exit2: 202.98 Exit3: Exit4:

**What was the result of the trade, what happened? Profit. Market was gapping up. I entered a trade at 194.62 with 25 shares when the price action broke the opening range high with above average volume. I set profit targets at 195.50, 196.00, and 196.50. I had daily pivots at 199.00 and 204.16. I took a 2/3 partial at 197.10 and set my stop to breakeven. I scaled the rest of shares at 202.98 as the price action bounced of the daily pivot of 204.16.

*FEELINGS- Describe what you thought and felt during the trade? Feeling confident with the momentum of the trade.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The market was gapping up. The price action broke the ORH. Bad: PCL and moving averages were in the way of profit targets.

*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 was satisfied with my execution and management of this trade. I knew that the PCL and moving averages were in the way, but I felt that the above average volume displayed would push through the resistance.

*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 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