CRWD Trade on Mar 8, 2023 09:55 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION
Trade#: 2
Set#: LODB_01_13
Ticker: CRWD
Strategy: ()ORBU ()HODB ()ORBD (X)LODB ()Reversal ()After Hours
Market Condition: (X)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 ()1.50 (X)2 ()2.50
Beginning Position Size: 100
Entry: 129.31
Technical Stop: 9EMA with confirmation
Hard Stop: 131.31
LRC Break: ()Yes ()No (X)In Between
Bollinger Bands Break: ()Yes ()No (X)In Between
Level1: 125.52 (X)DP()LRC()BB()MA | Level2: ()DP()LRC()BB()MA | Level3: ()DP()LRC()BB()MA | Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 128.00 | Profit Target2(psy): 127.50 | Profit Target3(psy): | Profit Target4(psy):
Exit1: 128.00 | Exit2: 127.50 | 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 trade at 129.31 with 100 shares when the price action broke the ORL with confirmation and average volume and all of the support in the way of profit targets. The price action was in-between the LRC and was in-between the Bollinger Bands. I set the break 9EMA with confirmation as my technical stop and a 2.00 hard stop based on the ATR of the 5-minute candle prior to entry. I had a daily pivot at 125.52 and I set my profit targets at 128.00 and 127.50. I took a 2/3 partial when the price action reached near my profit target of 127.00 (126.95) and then I set my stop to breakeven. The price made a new LOD at 125.00 then reversed so I scaled out the rest of my shares at 126.00.

*FEELINGS- Describe what you thought and felt during the trade? Feeling good with my execution and trade management.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action broke the ORL with confirmation and average volume and all of the support in the way of profit targets. Bad: The price action reversed and made a new LOD.

*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 a good profit taking trade where I avoided trading into support.

*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

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Execution detail:

Date/time Symbol Side Price Position
2023-03-08 09:55:06 CRWD sell $129.310 short
2023-03-08 10:06:53 CRWD buy $126.950 short
2023-03-08 10:16:55 CRWD buy $126.000 0


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