TSLA Trade on Feb 16, 2023 09:36 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 1
Set#: 5-minute ORBD_02_08
Ticker: TSLA
Strategy: ()ORBU (X)ORBD ()HODB ()LODB
Market Condition: ()Gapping Up (X)Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 (X)1.50 ()2
Position Size: 25
Entry: 209.23
Technical Stop: ORL
Hard Stop: 210.73
LRC Break (after 10:00 am): ()Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No ()In Between
Target1: 208.00 ()DP()LRC()BB()MA(X)PSY | Target2: 207.50 ()DP()LRC()BB()MA(X)PSY | Target3: ()DP()LRC()BB()MA()PSY | Target4: ()DP()LRC()BB()MA()PSY
Exit1: 211.26 Exit2: Exit3: Exit4:

**What was the result of the trade, what happened? Loss. Market was gapping down at time of entry. I took a ORBD trade at 209.23 with 25 shares when the price action broke the premarket and OR low. I set a profit target of 208.00 and 207.50. I had a daily pivot of 204.16. The price action made a new LOD then reversed stopping me out at 211.26.

*FEELINGS- Describe what you thought and felt during the trade? Rest and ready for the trading session.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price broke the ORL. Bad: The price action quickly reversed with strong volume after making a new LOD.

*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 setup was present to execute, but the price action quickly reversed to the upside with strong volume.

*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