ROKU Trade on Feb 16, 2023 09:56 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 3
Set#: 5-minute ORBU_02_15
Ticker: ROKU
Strategy: (X)ORBU ()ORBD ()HODB ()LODB
Market Condition: ()Gapping Up ()Gapping Down (X)Consolidating
5-Minute ATR: ().50 ()1 ()1.50 (X)2
Position Size: 50
Entry: 72.26
Technical Stop: 9EMA
Hard Stop: 70.26
LRC Break (after 10:00 am): ()Yes (X)No ()In Between
Bollinger Bands Break (after 10:00 am): ()Yes ()No (X)In Between
Target1: 73.50 ()DP()LRC()BB()MA()PSY | Target2: 74.00 ()DP()LRC()BB()MA()PSY | Target3: 74.98 (X)DP()LRC()BB()MA()PSY | Target4: 75.00 ()DP()LRC()BB()MA(X)PSY
Exit1: 73.50 Exit2: 74.13 Exit3: 75.25 Exit4: 76.25

**What was the result of the trade, what happened? Profit. Market began to gap up. I took an ORBU trade when the price action broke the OR and premarket high. I set profit targets at 73.50, 74.00, and 75.00. I had a daily pivot at 74.98 and 77.83. There was no resistance in the way of profit targets. I took a 2/3 partial at 73.50 and added 50 shares to my position. The price action pulled back and broke the 9EMA but did not confirm stopping out, so I added another 50 shares to my position when the price action continued its upward trend. I took another partial at 74.13 and 75.25 and scaled out the rest of my shares at 76.25.

*FEELINGS- Describe what you thought and felt during the trade? Felt very satisfied with the way I executed and managed this trade.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action broke the OR and premarket high. There was no resistance in the way of profit targets. Bad: The price action made a new HOD and reversed.

*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)? This was one of my best executions up to this point. I was very pleased with the way I managed this trade including taking profits at appropriate levels, adding shares, and placing limit orders to take profit.

*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