MSFT Trade on Mar 13, 2023 11:56 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION
Trade#: 3
Set#: Trading Error:notwaitingforconfirmatio_Set01_04
Ticker: MSFT
Strategy: ()ORBU (X)HODB ()ORBD ()LODB ()Reversal ()After Hours
Market Condition: (X)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 (X)1.50 ()2 ()2.50
Beginning Position Size: 75 (added 75 shares at 254.83)
Entry (AvgCost): 253.46
Technical Stop: 9EMA
Hard Stop: 251.96
LRC Break: (X)Yes (up) ()No ()In Between
Bollinger Bands Break: (X)Yes (up) ()No ()In Between
Level1: 255.59 ()DP(X)LRC()BB()MA * Level2: 256.12 (X)DP()LRC()BB()MA * Level3: ()DP()LRC()BB()MA * Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 256.00 * Profit Target2(psy): 256.50 * Profit Target3(psy): * Profit Target4(psy):
Exit1: 256.00 * Exit2: 255.111 * Exit3: * Exit4: * Exit5:

**What was the result of the trade, what happened? This was a profitable trade. The market was gapping up at the time of entry. I took a HODB trade at 253.46 with 75 shares When the price action broke the HOD with above average volume and momentum. The price action broke the LRC in an upward fashion and the Bollinger brands in an upward fashion. I set the loss of the 9EMA as my technical stop and a $1.50 hard stop based on the ATR of the 5-minute candle prior to entry. I had a LRC level at 255.59 and a daily pivot at 256.12. I set my profit targets at 256.00 and 256.50. The price action gapped up nicely and I took a two third partial at my profit target of 256.00. I added 75 shares at 254.83 when the price action pulled back and then I set my stop to break even the price action eventually hit my break even stop taking me out of my position.

*FEELINGS- Describe what you thought and felt during the trade? I was feeling confident 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 HOD and the premarket high. Bad: I did not confirm the HOD break. I traded into a daily resistance at 254.01. The price action hit my breakeven 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)? Overall, it was a good trade that was gapping up with the market I could have had stronger confirmation of the break of HOD, but I execute it and manage the trade well.

*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 one present 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