ROKU Trade on Apr 26, 2023 16:06 from The_Trading_Apprentice: Tradervue User Stock Trades.

DESCRIPTION OF TRADE
Trade#: 4
Ticker: ROKU
$SPY Condition:
Strategy: After Hours Earnings
Price@LRC:
Price@BB:
Bookmap areas:
5-Minute ATR:
Beginning Position Size: 50
Avgcost: 61.48
Technical Stop:
Hard Stop:
Level1: 62.17
Level2:
Level3:
1st Profit Target: 62.00
Profit Taking:
Shares Added:
Exit: 58.50
Trading Error:

*What was the result of the trade, what happened? This was a losing trade. $ROKU reported earnings miss after hours. I took an after hours trade at 61.48 with 50 shares after $ROKU announced earnings miss and the price action broke the 5-minute high of the announcement candle. I had a daily pivot at 62.15. I set profit targets at 62.00. The price action gapped up making up a new HOD then quickly reversed. I did not have a stop plan in place and depended on my P&L to guide me which only caused me to stay in a losing trade until I did not want to lose anymore and exited my trade at the loss of the ORH.

*FEELINGS- Describe what you thought and felt during the trade? Not feeling proud with the way I handled this trade.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: he price action broke the 5-minute high of the announcement candle. Bad: I P&L traded and stayed in a losing trade in the hope that my predicament would turn around for the better.

*ANALYSIS- Does the trade make sense to you now that it is over? No.

*CONCLUSION- What is the final judgment of the trade (draw conclusions)? My execution was good, but my trade management was poor due to P&L and revenge trading.

*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? I will meet with my mentor to review this trade and seek feedback to improve my after hours trading.

*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 ()Go (X)No Go