I bought my positions today
May 25, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. It has a very tight pivot level/line of the least resistance
4. High relative strength stock
5. It has VCP characteristics
6. I got an 80% win rate on a primary base setup
Flaw:
1. The market is still in a correction
2. Lack of setup in the market
I had a pilot position on May 23, 2023. Today, I added it into a full position.
May 25, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. It has a very tight pivot level/line of the least resistance
4. High relative strength stock
5. It has VCP characteristics
6. I got an 80% win rate on a primary base setup
Flaw:
1. The market is still in a correction
2. Lack of setup in the market
I had a pilot position on May 23, 2023. Today, I added it into a full position.
Trade active
I reduced my positions at -2% loss on May 31, 2023.Trade active
I added into my position on a pullback buy today.Trade active
I sold half into strength at +18% profit today.Trade closed: target reached
Out today, slightly above the breakeven point at +3% gains after getting shaken out.Trade closed: July 10, 2023
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.