ORCL Trade on Jun 15, 2023 09:35 from The_Trading_Apprentice: Tradervue User Stock Trades.

Description:

Trade#: 1. Ticker: ORCL. The market was consolidating at the time of entry. I took a ORBU trade at 122.73 with 50 shares when the price action took out the ORH with volume rising on the 2-minute chart. I set taking out the ORH 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 above the LRC and above the BBs. I had a levels at 123.00 (DP) and 124.12 (LRC). I had significant area of liquidity on Bookmap at 123.00. I set my 1st profit target at 123.73.

*What was the result of the trade, what happened? This was a profitable trade. The price action gapped up with momentum and I took a 2/3 partial at 123.73. I took another partial of 1/2 size at 124.25 and scaled out the rest of my shares at 125.00 were there was strong area of liquidity on Bookmap.

*FEELINGS- Describe what you thought and felt during the trade? Felt confident with my trade execution and 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 and there were no resistance towards profit targets. Bad: I entered a little late after the price action broke the ORH.

*ANALYSIS- Does the trade make sense to you now that it is over? Yes, it was a good setup, and I executed the trade with profitable results.

*CONCLUSION- What is the final judgment of the trade (draw conclusions)? This was the third after $ORCL reported earnings that I was able to execute profitable trades on.

*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 execute the setup when present and practice excellent trade 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