KING - VELOCITY PLAY
Updated
I have my positions now
March 24, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. It skyrockets up 100% immediately after it went public
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe, marching to its own drummer
6. A decent shakeout, weeding out week holders
7. Big volume on the breakout
Flaw:
Only 6 days pause, 8 days or more is much preferable
March 24, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. It skyrockets up 100% immediately after it went public
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe, marching to its own drummer
6. A decent shakeout, weeding out week holders
7. Big volume on the breakout
Flaw:
Only 6 days pause, 8 days or more is much preferable
Trade active
I sold half into strength at +17% profit todayTrade active
I sold another half into strength at +57% profit on 10 April 2023Trade active
I sold another half into strength at +75% profit on 26 April 2023Trade closed: target reached
I sold last position into strength at +120% profit on 4 May 2023Trade closed: May 4, 2023
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