The First Green day bounce is one of my top 2 patterns to trade to the long side. Was a little over-zealous initially for the bounce but noticed how the stock was down significantly from the recent highs but was not continually falling apart. Position and size were extremely important to the success of this trade as it usually is with all my trades. Hope this helps.
Thank you Ellis.
@yessir From where I actually perceived it bouncing in real time. More of an advanced trade that actually has to been seen in real time due to the volatility. Just know that when I do play bounces like that it is usually an identified level of major support from before.
Thanks for a so clear explanation Ellis
Awesome webby, coach! I'm typically and FGD trader but this makes so much more sense.
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