NVDA Trade on Mar 16, 2023 11:28 from The_Trading_Apprentice: Tradervue User Stock Trades.

*DESCRIPTION
Trade#: 2
Set#: HODB_Set01_16
Ticker: NVDA
Strategy: ()ORBU (X)HODB ()ORBD ()LODB ()Reversal ()After Hours
Market Condition: (X)Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 ()1.50 (X)2 ()2.50
Beginning Position Size: 75
Entry (AvgCost): 245.27
Technical Stop: 9EMA
Hard Stop: 246.65
LRC Break: (X)Yes (up) ()No ()In Between
Bollinger Bands Break: ()Yes (up/down) ()No (X)In Between
Level1: 246.65 (X)DP()LRC()BB()MA * Level2: 250.62 ()DP(X)LRC()BB()MA * Level3: ()DP()LRC()BB()MA * Level4: ()DP()LRC()BB()MA
Profit Target1(psy): 246.00 * Profit Target2(psy): 246.50 * Profit Target3(psy): * Profit Target4(psy):
Exit1: 246.52 * Exit2: 249.00 * 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 an HODB trade at 245.27 with 75 shares when the price action broke the premarket high and HOD. The volume was average. The price action broke 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 2.00 hard stop based on the ATR of the 5-minute candle prior to entry. I had a daily pivot at 246.65 and 255.75. I also had a LRC at 250.62. I set my profit targets at 246.00 and 246.50. The price action was moving upwards in a strong fashion along with the market. I took a 2/3 partial at my profit target at 246.52 then set my stop to breakeven. I scaled out the rest of my shares at 249.00.

*FEELINGS- Describe what you thought and felt during the trade? Felt good about 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 premarket high and HOD. Bad: I left profits on the table without confirming the loss of 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)? I feel that I exercised more patience waiting for the right setup instead of jumping in without considering levels that could be in the way of profit targets. I did not continue with the trade because I had to get ready for my BBT book club.

*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 when 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