JPM Trade on Apr 14, 2023 10:38 from The_Trading_Apprentice: Tradervue User Stock Trades.

DESCRIPTION OF TRADE
Trade#: 1
Ticker: JPM
Market Condition: Gapping up
Strategy: ORBU
5-Minute ATR: 1.00
Beginning Position Size: 75
Avgcost: 137.75
Technical Stop: ORH
Hard Stop: 136.75
LRC Level: 137.64
Bollinger Bands Level: 136.17
Level1: 139.57(DP)
Profit Target1: 1.25 above Avgcost * Profit Target2: 1.50 above Avgcost
Profit Taking: 2/

*What was the result of the trade, what happened? This was a profitable trade. The market was gapping up at the time of entry and $JPM reported earnings and revenues beat. I took a ORBU trade at 137.75 with 75 shares when the price action took out the ORH and premarket high with momentum and above average volume. I set taking out the ORH with confirmation as my technical stop and a 136.75 hard stop based on the ATR of the 5-minute candle prior to entry. The LRC was at 137.64 and the Bollinger Bands was at 136.17. I had a daily pivot at 139.57. I set profit targets at 1.25 and 1.50 above Avgcost. Bookmap showed an high area of market liquidity at 139.00. The price action gapped up and I took a 2/3 partial at 138.75 then set my stop to breakeven. After the price action created a new HOD and reversed I was stopped out at breakeven.

*FEELINGS- Describe what you thought and felt during the trade? Rested and ready for the trading session. Felt satisfied with my trade execution.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action broke the ORH and premarket high with momentum and above average volume. Bad: The price action reversed and stopped me out at breakeven.

*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)? This was a good setup that allowed me to take profit.

*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