NVDA Trade on Mar 9, 2023 13:32 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION
Trade#: 5
Set#: Trading Error:technicalstopnotrespected_Set01_15
Ticker: NVDA
Strategy: ()ORBU ()HODB ()ORBD (X)LODB ()Reversal ()After Hours
Market Condition: ()Gapping Up (X)Gapping Down ()Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2 ()2.50
Beginning Position Size: 75
Entry: 238.32
Technical Stop: PML with confirmation
Hard Stop: 239.32
LRC Break: ()Yes (X)No ()In Between
Bollinger Bands Break: ()Yes ()No (X)In Between
Level1: 232.2 (X)DP()LRC()BB()MA | Level2: ()DP()LRC()BB()MA | Level3: ()DP()LRC()BB()MA | Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 237.00 | Profit Target2(psy): 236.50 | Profit Target3(psy): | Profit Target4(psy):
Exit1: 238.54 | Exit2: | Exit3: | Exit4: | Exit5:

**What was the result of the trade, what happened? Loss. Market was gapping down at the time of entry. I took a LODB trade at 238.32 with 75 shares when the price action broke the LOD with confirmation below average volume. The price action did not break the LRC and was in-between the Bollinger Bands. I set the break of the PML 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 237.00 and 236.50. The price reversed and I exited my position without confirmation.

*FEELINGS- Describe what you thought and felt during the trade? Not functional at optimal level.

*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 did not confirm my technical stop.

*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 trade was just a continuation of my revenge and P&L trading to reduce my losses.

*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 (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