ROKU Trade on Apr 26, 2023 16:20 from The_Trading_Apprentice: Tradervue User Stock Trades.

DESCRIPTION OF TRADE
Trade#: 5
Ticker: ROKU
$SPY Condition:
Strategy: After Hours Earnings
Price@LRC:
Price@BB:
Bookmap areas:
5-Minute ATR:
Beginning Position Size: 50
Avgcost: 55.68
Technical Stop:
Hard Stop:
Level1: 55.17
Level2:
Level3:
1st Profit Target: 55.50
Profit Taking:
Shares Added:
Exit: 57.69
Trading Error:

*What was the result of the trade, what happened? This was a after hours earnings trade. $ROKU reported earnings miss after hours. I took an after hours trade at 55.68 with 50 shares after $ROKU announced earnings miss and the price action broke the low of the previous candle. I had a daily pivot at 55.17. I set profit targets at 55.50. The price action gapped down but quickly reversed so I exited at PCL.

*FEELINGS- Describe what you thought and felt during the trade? Feeling very frustrated and not in control of the trade.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Not much. Bad: I continued to P&L and revenge trade adding to my losses.

*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)? I did not feel good about the way I continued to trade and continue to break rules in an attempt to recover losses.

*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 and to create an action plan to improve after hours trading.

*TRADE MANAGEMENT: Strategy ()Go (X)No Go * Max Risk Per Trade Identified (X)Go ()No Go * Profit Targets Set (x)Go ()No Go

*TRADE EXECUTION: Entry ()Go (X)No Go * Profit Targets/Stop Respected ()Go (X)No Go