SBUX Trade on May 3, 2023 09:38 from The_Trading_Apprentice: Tradervue User Stock Trades.

DESCRIPTION OF TRADE
Trade#: 2
Ticker: SBUX
$SPY Condition: Consolidating
Strategy: ORBD
Price@LRC: Below
Price@BBs: Above
Bookmap large areas of liquidity: 106.00
5-Minute ATR: 1.00
Beginning Position Size: 50
Avgcost: 106.88
Technical Stop: ORL
Hard Stop: 107.88
Level1: 105.60 (BBs)
Level2: 103.89 (DP)
Level3:
1st Profit Target: 105.50
Profit Taking:
Shares Added:
Exit: 106.63 (scaled out)
Trading Errors:

*What was the result of the trade, what happened? This was a profitable trade. The market was consolidating at the time of entry. I took an ORBD trade at 106.88 with 50 shares when the price action took out the ORL with above average volume. I set taking out the ORL with confirmation as my technical stop and a 1.00 hard stop based on the ATR of the 5-minute candle prior to entry. The price action was below the LRC and above the BBs. I had levels at 105.60 (BBs) and 103.89 (DP). I set my 1st profit target at 105.30. The price action gaped down and started to reverse, but I decided to exit my position so that I can trade $AMD.

*FEELINGS- Describe what you thought and felt during the trade? Feeling in control of my trade management.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: The price action took out the ORL with above average volume. Bad: Not much.

*ANALYSIS- Does the trade make sense to you now that it is over? Yes. I made a decision to seek out another opportunity that I thought would provide me better profit taking results. I could not hold two trades because of my buying power.

*CONCLUSION- What is the final judgment of the trade (draw conclusions)? It was a good setup and my execution was good.

*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