NVDA Trade on Mar 9, 2023 13:48 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION
Trade#: 6
Set#: Trading Error:revengetrading_Set01_08
Ticker: NVDA
Strategy: ()ORBU ()HODB ()ORBD ()LODB ()Reversal ()After Hours (X)Revenge
Market Condition: ()Gapping Up (X)Gapping Down ()Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2 ()2.50
Beginning Position Size: 75
Entry: 237.20
Technical Stop: 9EMA with confirmation
Hard Stop: 238.2
LRC Break: (X)Yes(down) ()No ()In Between
Bollinger Bands Break: (X)Yes(down) ()No ()In Between
Level1: 234.23 ()DP(X)LRC()BB()MA | Level2: 232.20 (X)DP()LRC()BB()MA | Level3: ()DP()LRC()BB()MA | Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 235.00 | Profit Target2(psy): 234.00 | Profit Target3(psy): | Profit Target4(psy):
Exit1: 237.04 | Exit2: | Exit3: | Exit4: | Exit5:

**What was the result of the trade, what happened? Profit. Market was gapping down at the time of entry. I took a revenge trade at 237.20 with 75 shares when the price action gapped down. The price action did break the LRC to the downside and did break the Bollinger Bands to the downside. I set the break 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 LRC level at 234.23 and a daily pivot at 232.20. I set my profit targets at 235.00 and 234.00. The price reversed broke through the 9EMA, and I exited my position without confirmation.

*FEELINGS- Describe what you thought and felt during the trade? Not feeling much just trading aimlessly.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Not much. Bad: I was revenge trading without following my trading strategy.

*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)? Not a good setup.

*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 (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