MU Trade on Mar 29, 2023 10:56 from The_Trading_Apprentice: Tradervue User Stock Trades.

DESCRIPTION OF TRADE
Trade#: 3
Ticker: MU
Market Condition: ()Gapping Up ()Gapping Down (X)Consolidating
Strategy: ()ORBU ()HODB ()ORBD ()LODB (X)Reversal ()After Hours
5-Minute ATR: ().50 (X)1.00 ()1.50 ()2.00 ()2.50
Beginning Position Size: 100
Avgcost: 62.65
Technical Stop: HOPC
Hard Stop: 64.00 (HOD)
LRC Level: 61.57
Bollinger Bands Level: 62.10
Level1: 61.78 ()DP ()MA * Level2: ()DP ()MA * Level3: ()DP ()MA * Level4: ()DP ()MA
Profit Target1: .50 above Avgcost * Profit Target2: 1.00 above Avgcost * Profit Target3: * Profit Target4:
Profit Taking: ()1/4@ (X)1/

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

*What was the result of the trade, what happened? This was a profitable trade. The market was consolidating at the time of entry. I took a reversal trade at 62.65 with 100 shares when the price action reversed after 4 green candles with strong volume. I set taking out the HOPC 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 61.57 and the Bollinger Bands was at 62.10. I had a daily pivot at 61.78. I set profit targets at .50 and 1.00 above Avgcost. The price action pulled back but reversed and continue its downward trend. I took a 1/2 partial at 62.15 and set my stop to breakeven. The price action reversed and eventually hit my stop.

*FEELINGS- Describe what you thought and felt during the trade? Feeling focused on my trade management.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action reversed on strong volume after 4 green candles.

*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 felt satisfied with my execution of this setup and how I managed the trade.

*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