NVDA Trade on Mar 6, 2023 15:17 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION
Trade#: 7
Set#: Trading Error:revengetrading_Set01_04 | Trading Error:tradingpandl_Set01_03
Ticker: NVDA
Strategy: ()ORBU ()ORBD ()HODB (X)LODB ()After Hours
Market Condition: ()Gapping Up (X)Gapping Down ()Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2 ()2.50
Beginning Position Size: 50
Entry: 235.85
Technical Stop: 9EMA with confirmation
Hard Stop: 236.85
LRC Break: ()Yes ()No (X)In Between
Bollinger Bands Break: ()Yes ()No (X)In Between
Level1: 232.20 (X)DP()LRC()BB()MA | Level2: ()DP()LRC()BB()MA | Level3: ()DP()LRC()BB()MA | Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 234.50 | Profit Target2(psy): 234.00 | Profit Target3(psy): 233.00 | Profit Target4(psy):
Exit1: 235.26 | Exit2: 235.67 | Exit3: | Exit4: | Exit5:

**What was the result of the trade, what happened? Profit. Market was gapping down at the time of entry. I took an LODB/ trade at 235.85 with 50 shares when the price action broke the LOD with confirmation with average volume. The price action was in-between the LRC and was in-between the Bollinger Bands. I set the loss of the 9EMA with confirmation as my technical stop and a 1.00 hard stop based on the ATR of the 5-minute candle prior to entry. I had a daily pivot at 232.20 and I set my profit targets at 234.50, 234.00, 233.00. It was nearing the close of the trading session, so the system scaled out a little over half of my position at 235.26. The price made a new LOD then reversed and eventually broke the 9EMA, so I exited my position prior to the closing bell.

*FEELINGS- Describe what you thought and felt during the trade? Tired.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action broke the LOD with confirmation Bad: I entered late, and I made an entry error prior to this trade.

*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 just more over trading, revenge trading, and P&L trading.

*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? Stick to my strategy and edge without deviating.

*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 ()Go (X)No Go | Profit Targets/Stop Respected Without Fear ()Go (X)No Go