TSLA Trade on Feb 16, 2023 09:40 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 2
Set#: Trading Error:resistancetoprofit_Set01_08
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: 212.26
Technical Stop: 9EMA
Hard Stop: 210.26
LRC Break (after 10:00 am): (X)Yes ()No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No (X)In Between
Target1: 214.00 ()DP()LRC()BB()MA(X)PSY | Target2: 214.50 ()DP()LRC()BB()MA(X)PSY | Target3: 214.00 (X)DP()LRC()BB()MA()PSY | Target4: 216.17 (X)DP()LRC()BB()MA()PSY
Exit1: 214.71 Exit2: 214.28 Exit3: Exit4:

**What was the result of the trade, what happened? Profit. Market was gapping up at the time of entry. I reversed my position on $TSLA when the price action broke the ORH with above average volume to push through the moving averages in the way of profit targets. I set profit targets at 214.00 and 214.50. I had a daily pivot at 214.00 and 216.17. I took a 2/3 partial at 214.71 and scaled out the rest of my shares at 214.28.

*FEELINGS- Describe what you thought and felt during the trade? Felt good that I was able to reset and reverse my position on $TSLA.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action broke the ORH with above average volume. Bad: There were moving averages in the way of profit targets, but the strong volume and momentum pushed the price action through resistance.

*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 trade even though there was resistance in the way because I felt that the momentum coming from the above average volume would push through as it did. I feel that this is a higher level of trading maturity that I am developing.

*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 resistance towards profit targets.

*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