TSLA Trade on Feb 27, 2023 14:07 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION:
Trade#: 3
Set#: HODB_Set01_13
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: 208.79
Technical Stop: 9EMA
Hard Stop: 207.29
LRC Break: (X)Yes ()No ()In Between
Bollinger Bands Break: ()Yes ()No (X)In Between
Level1: 214.00 (X)DP()LRC()BB()MA | Level2: ()DP()LRC()BB()MA | Level3: ()DP()LRC()BB()MA | Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 210.00 | Profit Target2(psy): 211.00 | Profit Target3(psy): | Profit Target4(psy):
Exit1: 208.11 | Exit2: | Exit3: | Exit4: | Exit5:

**What was the result of the trade, what happened? Loss. Market was gapping up at the time of entry. I entered LODB at 208.79 with 25 shares when the price action broke the HOD with confirmation. I set the 9EMA as my technical stop and a 1.50 hard stop based on the ATR of previous 5-minute candle prior to entry. I had a daily pivot of 214.00. I set my profit targets at 210.00 and 211.00. The price action started to consolidate and then made a new HOD at 209.42 before reversing and breaking the support of the 9EMA with confirmation.

*FEELINGS- Describe what you thought and felt during the trade? Feeling in control of the trade even though it failed.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The market was gapping up with volume and momentum. The price action broke the HOD with confirmation. Bad: The price action consolidated then moved to a new HOD but did not reach my profit target before I stopped out.

*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)? A good setup, but not enough momentum to push the price action to my first profit target.

*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 | 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 (X)Go ()No Go