4.14.23 I'm going to add a couple caveats to this second part: I focused on a market that was trending lower and coming to an area where I wanted to be a buyer to open a trade. It is my favorite trade without a doubt. there are other times when a market isn't really Overbought or oversold but it may be trending and it's doing retest where you would look for the market To find another trade... and that market is more orderly and it's not necessarily overbought or over sold. Some markets Are ranging and that's a different kind of market that you can trade. Support resistance lines, Gaps, Retest of gaps, failure to retest the gap,,, Looking for buying gaps and selling gaps It's about market behavior and market dynamics, And they can help you develop a better feel of the market if you work with it and test it and then decide what makes you comfortable and what you can live with. I am a discretionary Trader who relies on market behavior with a high probability and a small stop. if I see no potential target of significance because of impediments for the market to move in the direction that I'm Trading. I can't take the trade. if I see that it needs a large stop I never take that trade, I will let it go because it's not my kind of trade.... and I absolutely do not lose sleep over it.