AAPL Trade on Mar 28, 2023 14:47 from The_Trading_Apprentice: Tradervue User Stock Trades.

DESCRIPTION OF TRADE
Trade#: 3
Ticker: AAPL
Market Condition: ()Gapping Up (X)Gapping Down ()Consolidating
Strategy: ()ORBU ()HODB ()ORBD (X)LODB ()Reversal ()After Hours
5-Minute ATR: ().50 (X)1.00 ()1.50 ()2.00 ()2.50
Beginning Position Size: 100
Avgcost: 155.98
Technical Stop: 9EMA
Hard Stop: 156.98
LRC Level: 156.06
Bollinger Bands Level: 156.01
Level1: 153.59 (X)DP ()MA * Level2: ()DP ()MA * Level3: ()DP ()MA * Level4: ()DP ()MA
Profit Target1: .50 above Avgcost * Profit Target2: 1.00 above Avgcost * Profit Target3: 1.25 above Avgcost * Profit Target4:
Profit Taking: ()1/4@ ()1/2@ ()2/3@ ()scaled out@ ()stopped

* Shares added ()50 ()75 ()100 ()200
Profit Taking: ()1/4@ ()1/2@ ()2/3@ ()scaled out@ ()stopped out@ * Shares added ()50 ()75 ()100 ()200
Profit Taking: ()1/4@ ()1/2@ ()2/3@ ()scaled out@ ()stopped out@ * Shares added ()50 ()75 ()100 ()200
Profit Taking: ()1/4@ ()1/2@ ()2/3@ ()scaled out@ ()stopped out@ * Shares added ()50 ()75 ()100 ()200

*What was the result of the trade, what happened? This was a failed trade. The market was gapping down at the time of entry. I took a LODB trade at 155.98 with 100 shares when the price action took out the LOD with above average volume. I set taking out 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. The LRC was at 156.06 and the Bollinger Bands was at 156.01. I had a daily pivot at 153.59. I set profit targets at .50, 1.00, and 1.25 above Avgcost. The price action made a new LOD then reversed with rising volume to the upside. I exited my position when the price action continued upward on rising volume on the 1-minute chart.

*FEELINGS- Describe what you thought and felt during the trade? Felt ok with the outcome of this trade.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action broke the LOD with confirmation. Bad: The price action made a new LOD then reversed with rising 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 executed the setup, but the trade eventually failed. Observing volume on the 1-minute chart helped me to see the price action reversing early in the trend.

*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 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 (X)Go ()No Go