AAPL Trade on Mar 6, 2023 09:36 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION
Trade#: 2
Set#: Trading Error:technicalstopnotrespected_Set01_10
Ticker: AAPL
Strategy: (X)ORBU ()ORBD ()HODB ()LODB ()After Hours
Market Condition: (X)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2 ()2.50
Beginning Position Size: 100
Entry: 154.62
Technical Stop: Loss of support of ORH with confirmation
Hard Stop: 154.62
LRC Break: (X)Yes ()No ()In Between
Bollinger Bands Break: ()Yes ()No (X)In Between
Level1: 156.33 (X)DP()LRC()BB()MA | Level2: 157.38 ()DP()LRC()BB()MA | Level3: ()DP()LRC()BB()MA | Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 156.00 | Profit Target2(psy): 156.50 | Profit Target3(psy): 157.00 | Profit Target4(psy):
Exit1: 153.61 | Exit2: | Exit3: | Exit4: | Exit5:

**What was the result of the trade, what happened? Profit. Market was gapping up at the time of entry. I took an ORBU at 154.62 with 100 shares when the price action broke the ORH with average volume declining momentum. The price action broke LRC to the upside and was in-between the Bollinger Bands. I set the loss of the ORH 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 156.33 and 153.62 and I set my profit targets at 156.00, 156.50, 157.00. The price made a new HOD then reversed and eventually stopped me out. I froze when the price action quickly gapping down past my technical stop and hitting my hard stop.

*FEELINGS- Describe what you thought and felt during the trade? Frustration that I froze and didn't exit my position when the technical stop lost support with confirmation.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action broke the ORH. No resistance in the way of profit targets. Bad: The volume was average and not enough momentum to push the price action towards my profit targets. I did not pay attention to the price action on the second candle after entry which lost support and was confirmed by the following candle. I did not exit my position when the price action lost the technical support with confirmation.

*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)? It was a good setup and no resistance in the way of profit targets, but the momentum was lost, and I should have been swift in exiting this trade when the technical support was lost and not allow it to hit my 1.00 hard stop.

*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 ()Go (X)No Go