NVDA Trade on Apr 18, 2023 10:53 from The_Trading_Apprentice: Tradervue User Stock Trades.

DESCRIPTION OF TRADE
Trade#: 2
Ticker: NVDA
Market Condition: Gapping down
Strategy: Reversal
5-Minute ATR: 2.00
Beginning Position Size: 50
Avgcost: 279.31
Technical Stop: High of the previous candle
Hard Stop: 281.31
LRC Level: 279.77
Bollinger Bands Level: 279.05
Level1: 276.21(DP)
1st Profit Target: AC +.25 Buy .50
Profit Taking: 279.06, 278.56, 277.33

*What was the result of the trade, what happened? This was a profitable trade. The market was gapping down at the time of entry. I took a reversal trade at 279.31 with 50 shares when the price action reversed after four straight green candles. I set taking out the high of the high of the previous candle with confirmation as my technical stop and a 281.31 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 279.05. I had a daily pivot at 276.21. I set my 1st profit target at AC +.25 Buy .50. The price action gapped down and I took my 1st partial at 279.06 and an additional partial at 278.56 and scaled out at 277.33.

*FEELINGS- Describe what you thought and felt during the trade? Continued to feel focused on my execution and trade management.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action reversed after 4 straight green candles and strong momentum with above average volume. Bad: The price action started to get choppy after I exited my position.

*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 was able to quickly reset and execute a reversal trade on $NVDA and 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