MESH3 Trade on Jan 25, 2023 10:40 from jasontrader15: Tradervue User Stock Trades.

thesis on this trade is much the same as all my big runner trades. wait for a new low below premarket lows, let the early long positions get stopped out trying to call a bottom, see a NEW low after the downtrend has a break of channel to a new low, then u want to try and get ur risk as close to the new low as possible without trying to call a bottom or top so ur best to wait for a HL or a 2 attempt to go lower fails also known as a failed second entry short, the shorts who had their move all the way down will now realize that they are best to cover into long limit order positions which occur after a new low lower then premarket lows cause those limit order longs are willing to hold 10-15pts of risk for the established highs it had from earlier in the morning. so if u get a nice large green signal bar at a new days low after premarket lows get hit. u know alot of limit buyers are getting filled. this is where u get ur best risk to reward almost everytime but dont pick a bottom. wait for a HL nice green bar to go long risk the 10pts to a new low. and look for 10-20pts of profit to the upside. in this trade i captured 30 points on the runner, BUT my goal was to hold for 4025 but i had no patience n removed the runner at the rejection of 4000 afraid of a bigger retracement down. but infact we got 2 small legs of correction, and ended up blasting off to my target wit ease. i always look left to see where previous swing congests r set up to try and remove profits there as a possible reversal stuff to not give to much LFT. at around 11:45 there was a beautiful add spot that set up, jus over 3990 i was going to add more size there risking that congestions low, ( 3983.50 would be new stoploss) but i was nervous it would reject something like 3997.50 and turn down not providing me with alot of reward on the add.... so i decided not to. but that was a mistake. gave an additional 15pts with relative easy pushin thru 4000 level. trying to be better at add spots to maximize profits in a good trade.