ABNB Trade on Feb 15, 2023 09:35 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 1
Set#: 5-minute ORBU_02_14
Ticker: ABNB
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: 50
Entry: 134.88
Technical Stop: Loss of VWAP with confirmation
Hard Stop: 132.88
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between
Target1: 136.50 ()DP()LRC()BB()MA(X)PSY | Target2: 136.00 ()DP()LRC()BB()MA(X)PSY | Target3: 136.50 ()DP()LRC()BB()MA(X)PSY | Target4: 141.58 (X)DP()LRC()BB()MA()PSY
Exit1: 136.50 Exit2: 137.00 Exit3: Exit4:

**What was the result of the trade, what happened? Market was gapping up at the time of entry. $ABNB reposted earnings beat yesterday after hours. I took an ORBU trade at 134.88 with 50 shares when the price action broke the ORH with strong volume and momentum from the OR candle. I set profit targets at 136.00 and 136.50. I had daily pivots at 136.04 and 141.58. The price action pulled back but did not confirm to stop me out. I added 25 shares at 134.68 during the pullback and took a 2/3 partial at 136.50. The price action pulled back again and this time I decided to allow it to test the 20EMA as support from which it bounced and hit my target of 137.00 scaling out my position.

*FEELINGS- Describe what you thought and felt during the trade? Felt ready and focus to execute this 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 was gapping up on string volume and momentum. The price action broke the ORH. Bad: The price action started to consolidate for a while before moving upward towards 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 felt a little nervous when the price action started to consolidate and pull back, but I let go of fear and allowed the trade to work and was prepared to exit my position if my technical levels were lost with confirmation.

*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