WBA Trade on Jun 27, 2023 08:21 from The_Trading_Apprentice: Tradervue User Stock Trades.

Description:

Trade#: 1. Trading Error: wrong direction of trade.

*FEELINGS- Describe what you thought and felt during the trade? I was anticipating a continuation play to the downside after $WBA reported earning miss and a lower profit forecast.

*EVALUATION- What was good or bad about the trade (what worked according to plan in the trade)? Good: Not much. Bad: I entered long instead of short. I executed a trade during the premarket.

*ANALYSIS- Does the trade make sense to you now that it is over? No, I should have been paying attention to the direction of trade. Also, entering the trade premarket did not provide any real advantage over waiting for the 5-minute opening range to print.

*CONCLUSION- What is the final judgment of the trade (draw conclusions)? The price action made most of its move after earnings was announced and basically stayed in consolidation for most the trading session.

*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? Avoid trading earnings premarket unless I am present to catch the announcement candle.

*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 (X)Go ()No Go