NVDA Trade on Apr 18, 2023 10:36 from The_Trading_Apprentice: Tradervue User Stock Trades.

DESCRIPTION OF TRADE
Trade#: 1
Ticker: NVDA
Market Condition: Gapping up
Strategy: ORBU
5-Minute ATR: 1.50
Beginning Position Size: 50
Avgcost: 278.44
Technical Stop: ORH
Hard Stop: 276.94
LRC Level: 279.77
Bollinger Bands Level: 279.40
Level1: 280.00 (DP)
1st Profit Target: Avgcost +.25 Sell .25
Profit Taking: 278.69, 278.69, 278.94, 279.19, 279.44
Shares Added: 279.66 with 50 shares
Profit Taking: 279.97, 280.47, 279.45.

*What was the result of the trade, what happened? This was a profitable trade. The market was gapping up at the time of entry. I took a ORBU trade at 278.44 with 50 shares when the price action took out the ORH with momentum and above average volume. I set taking out the ORH with confirmation as my technical stop and a 276.94 hard stop based on the ATR of the 5-minute candle prior to entry. The LRC was at 279.77 and the Bollinger Bands was at 279.40. I had a daily pivot at 280.00. I set the 1st profit target at Avgcost +.25 Sell .25. The price action gapped up and I took partials at 278.69, 278.69, 278.94, 279.19, 279.44 and I added shares at 279.66. I took additional partials at 279.97, 280.47 then I scaled the rest of my shares at 279.45.

*FEELINGS- Describe what you thought and felt during the trade? Felt confident with my trade management.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action broke the ORH with momentum and above average volume. Bad: I feel that I took too many partials.

*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 very good setup to execute with $NVDA receiving analyst upgrade. Taking profit sooner is working to establish confidence in managing trades and taking 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