META Trade on Mar 10, 2023 12:31 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION
Trade#: 1
Set#: Trading Error:hardstopnotrespected_Set01_01 * Trading Error:technicalstopnotrespected_Set01_16
Ticker: META
Strategy: ()ORBU (X)HODB ()ORBD ()LODB ()Reversal ()After Hours
Market Condition: (X)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 (x)1.00 ()1.50 ()2 ()2.50
Beginning Position Size: 100
Entry (AvgCost): 184.36
Technical Stop: 9EMA
Hard Stop: 183.36
LRC Break: (X)Yes(up) ()No ()In Between
Bollinger Bands Break: ()Yes (up/down) ()No (X)In Between
Level1: 186.98 ()DP()LRC(X)BB()MA * Level2: 191.06 (X)DP()LRC()BB()MA * Level3: ()DP()LRC()BB()MA * Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 185.50 * Profit Target2(psy): 186.000 * Profit Target3(psy): * Profit Target4(psy):
Exit1: 182.14 * Exit2: * Exit3: * Exit4: * Exit5:

**What was the result of the trade, what happened? This trade was a loss. The market was gapping up at the time of entry. I took a HODB trade at 184.36 with 100 shares when the price action broke HOD with confirmation and the premarket high with slightly above average volume. The price action did break the LRC in an upward fashion and was in between the Bollinger Bands. I set the loss of the 9EMA with confirmation as my technical stop and a 1.00 hard stop based on the ATR of the five-minute candle prior to entry. I had a Bollinger Bands level at 186.98 and a daily pivot at 191.06. I set my profit targets at 185.50 and 186.00. The price action made a new HOD at 184.77 and then reversed losing the technical support and hard stop. I allowed the price action to test multiple supports and when it finally broke VWAP I exited my position.

*FEELINGS- Describe what you thought and felt during the trade? I felt ready for the trading session. I had just come back from an appointment, and I came into the session after it had opened.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action broke the opening range high and the premarket high. Bad: The price action made a new HOD at 184.77 and then reversed breaking through all the supports including my technical and hard stops but I allow the price action to continue to break through VWAP before I decided to exit my position.

*ANALYSIS- Does the trade make sense to you now that it is over? No it doesn't.

*CONCLUSION- What is the final judgment of the trade (draw conclusions)? I feel like I was still feeling the effects of my revenge trading from yesterday’s session and maybe that kind of spilled into my trading today since I didn't respect my established stops which is something that I will need to reflect on during the weekend before the market opens on Monday.

*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 respect all my established technical and hard stops during the trade.

*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