META Trade on Mar 24, 2023 10:35 from The_Trading_Apprentice: Tradervue User Stock Trades.

DESCRIPTION OF TRADE
Trade#: 1
Ticker: META
Strategy: (X)ORBU ()HODB ()ORBD ()LODB ()Reversal ()After Hours
Market Condition: ()Gapping Up ()Gapping Down ()Consolidating
5-Minute ATR: ().50 ()1 (X)1.50 ()2 ()2.50
Beginning Position Size: 50
Entry (AvgCost): 207.05
Technical Stop:
Hard Stop:
LRC Level: 210.76
Bollinger Bands Level: 207.43
Level1: ()DP ()MA * Level2: ()DP ()MA * Level3: ()DP ()MA * Level4: ()DP ()MA
Profit Target1(psy): * Profit Target2(psy): * Profit Target3(psy): * Profit Target4(psy):
Exit1: * Exit2: * Exit3: * Exit4: * Exit5:

*What was the result of the trade, what happened? I was going to take an ORBU trade when the price action broke the premarket high and ORH, but volume quickly dropped on 5/2-minute charts so I exited my trade.

*FEELINGS- Describe what you thought and felt during the trade? Felt ready for the trade.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade) Good: Price action broke the premarket high and ORH with above average volume and momentum. Bad: The price action made a new HOD then reversed along with dropping 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 glad that I am recognizing the role of VPA on my trades and that I can quickly remove a position that had a low probability of succeeding.

*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 pay attention to VPA in my trades.

*TRADE MANAGEMENT: Strategy (X)Go ()No Go * Max Risk Per Trade Identified (X)Go ()No Go * Profit Targets Set ()Go (X)No Go

*TRADE EXECUTION: Entry (X)Go ()No Go * Profit Targets/Stop Respected Without Fear (X)Go ()No Go