This is the second trade of my series of 20 and I feel as though it was an awesome trade that was put on. 2/23, I missed a level during this trade. there was a long term supply area that caused the reversal long. Still a great trade due to the RM!

This trade was again one of the ORB trades that must be completed as a series of 20. During the trade, I was working on stating to myself that the results of the trade were random at best and that I needed to discontinue attempting to analyze price any further. I was able to enter without error, wait for a bit, and set my stop loss, whereas, usually I'm in a rush to put on the stop. I focused on making sure that my technical stop and surprisingly put on the Limit order to take profit before entering my stop loss. of course, the trade went against me but surprisingly I felt calm when I closed out the trade and didn't take it as though my analysis had been wrong. I was able to close this trade immediately after breaking and closing above the 5-minute range which allowed me to reduce any potential loss significantly. I will be working to continue this trading style.

Lot Size: 100
Tech Stop: Close above the range
Max Loss: 20.53
ATR: .30
PT 1: 19.73
PT 2: 19.00

After reviewing this chart, I realized that this stock provided a secondary entry due to a breakout of the 5 minute high @ or around 10 am. I should have taken this second trade. I will keep my eyes peeled for entries such as these!

Trade Update

Horrible trade again. Not sure exactly what my mechanical entry was. But I should have entered in a lot earlier. The price action showed that the trade was going to be rejected based on price and volume.