ORCL Trade on Mar 9, 2023 16:09 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION
Trade#: 7
Set#: Trading Error:revengetrading_Set01_09
Ticker: ORCL
Strategy: ()ORBU ()HODB ()ORBD ()LODB ()Reversal (X)After Hours
Market Condition: ()Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 ()1.50 ()2 ()2.50
Beginning Position Size: 50
Entry: 81.82
Technical Stop:
Hard Stop:
LRC Break: ()Yes ()No ()In Between
Bollinger Bands Break: ()Yes ()No ()In Between
Level1: 82.39 (X)DP()LRC()BB()MA | Level2: 81.86 (X)DP()LRC()BB()MA | Level3: ()DP()LRC()BB()MA | Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 81.00 | Profit Target2(psy): | Profit Target3(psy): | Profit Target4(psy):
Exit1: 83.21 | Exit2: | Exit3: | Exit4: | Exit5:

**What was the result of the trade, what happened? Loss. I took an after hour earnings trade when $ORCL reported earnings. I entered before the announcement candle printed and the price action quickly reversed, so I exited my position.

*FEELINGS- Describe what you thought and felt during the trade? Again, not thinking about strategy.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Nothing. Bad: I did not follow the strategy for after hour earnings trade.

*ANALYSIS- Does the trade make sense to you now that it is over? No.

*CONCLUSION- What is the final judgment of the trade (draw conclusions)? I rushed into the trade without thinking about the strategy rules for after hours earnings trades.

*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 stop trading when I have lost control of my ability to trade and walk away from my trading station.

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

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