AAPL Trade on Mar 24, 2023 14:49 from The_Trading_Apprentice: Tradervue User Stock Trades.

DESCRIPTION OF TRADE
Trade#: 4
Ticker: AAPL
Strategy: ()ORBU ()HODB ()ORBD ()LODB (X)Reversal ()After Hours
Market Condition: ()Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 (X)1 ()1.50 ()2 ()2.50
Beginning Position Size: 100
Entry (AvgCost): 159.02
Technical Stop: 9EMA
Hard Stop: 160.02
LRC Level: 158.16
Bollinger Bands Level: 157.60
Level1: 157.38 (X)DP ()MA * Level2: ()DP ()MA * Level3: ()DP ()MA * Level4: ()DP ()MA
Profit Target1(psy): 158.000 * Profit Target2(psy): 157.50 * Profit Target3(psy): * Profit Target4(psy):
Exit1: 159.25 * Exit2: * Exit3: * Exit4: * Exit5:

*What was the result of the trade, what happened? This was a failed trade. The market's direction was not noted at the time of entry. I took a reversal trade at 159.02 with 100 shares when the price action made a reversal pattern after 4 green candles. The LRC was at 158.16 and the Bollinger Bands was at 157.60. 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 daily pivot at 157.38. I set profit targets at 158.00 and 157.50. The price action reversed and made a new LOD, and downward momentum fell on falling volume. I exited my position when the price action broke the 9EMA with rising volume.

*FEELINGS- Describe what you thought and felt during the trade? Felt satisfied with my trading decision to exit the trade.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action made a reversal pattern after 4 green candles. Bad: I traded into support of the PCL. The price action reversed and made a new LOD, and downward momentum fell on falling volume.

*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 was satisfied with my decision to exit my position when I saw the price action break the 9EMA along with rising volume.

*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 make the connections between price action and volume.

*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