TSLA Trade on Feb 24, 2023 11:50 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 3
Set#: Trading Error:notwaitingforconfirmatio_Set01_02 | Trading Error:technicalstopnotrespected_Set01_05
Ticker: TSLA
Strategy: ()ORBU ()ORBD (X)HODB ()LODB ()After Hours
Market Condition: (X)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 (X)1.50 ()2
Beginning Position Size: 25
Entry: 197.66
Technical Stop: ORH
Hard Stop: 196.16
LRC Break: (X)Yes ()No ()In Between
Bollinger Bands Break: ()Yes ()No (X)In Between
Level1: 199.00 (X)DP()LRC()BB()MA | Level2: 204.16 (X)DP()LRC()BB()MA | Level3: ()DP()LRC()BB()MA | Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 199.00 | Profit Target2(psy): 199.50 | Profit Target3(psy): 200.00 | Profit Target4(psy):
Exit1: 195.92 | Exit2: | Exit3: | Exit4: | Exit5:

**What was the result of the trade, what happened? Loss. Market was gapping up at time of entry. I took a HODB trade at 197.66 with 25 shares when the price action broke the HOD without confirmation and with above average volume. I had daily pivots at 199.00 and 204.16. I set profit targets at 199.00, 199.50, and 200.00. The price action made a new HOD at 197.6695 then reversed stopping me out.

*FEELINGS- Describe what you thought and felt during the trade? Mentally tired and bored with the range that the market was in during the trading session.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: the price action broke the HOD with above average volume and momentum. Bad: I didn't confirm the break and the price action reversed eventually stopping me out. I didn't respect my technical stop.

*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 did a poor job with executing and managing this trade.

*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? I will respect the rule of confirming my continuation trades before entering and respect my stops.

*TRADE MANAGEMENT: Strategy ()Go (X)No Go | Max Risk Per Trade Identified (X)Go ()No Go | Profit Targets Set (X)Go ()No Go

*TRADE EXECUTION: Entry (X)Go ()No Go | Profit Targets/Stop Respected Without Fear ()Go (X)No Go