MESZ2 Trade on Nov 15, 2022 09:49 from srosas13: Tradervue User Stock Trades.

🧩Situation🧩 The market gapped up on data to 4050 in the pre-market. I wanted to see how the gap held up and if the market could make an A-up and hold the previous day's highs.

💭Self-Talk💭 I wanted to wait for a spot for the trade that gave me as little risk as possible and not hop a trade trying to jump on. The opening range was fairly skinny and volatility was dampened. When I saw the previous day's high get tested and immediately spring out from 4015 I entered the trade 4020 on 5 points of risk. The trade went up and test 4030 and ultimately pulled back to 4025 and stopped me out solid trade.

⚙️What could I improve?⚙️ I could have been slightly more precise on my entry decision-making. I had a few points of slippage at the level that added to my overall risk.

I could have hit the level multiple more times. I got comfortable with a win. When Im up for the day is the time to push the limits when Im down its the time to pull back.

🛠️5 Trade Components🛠️

1. Setup Test of prev day Hi after gap up overnight
2. Entry 4015 low 4017.50 prev day high entry 4020 5 points of risk
3. Management Made sales at next level of supply stopped out of runners
4. Exit Held to level and stopped on 2 runners.