LOPI - PRIMARY BASE
Updated
I bought my positions today
October 26, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. Tight pivot level/line of the least resistance
4. High relative strength stock
5. It acted strong against the general market
The flaws:
1. The general market is still in hard-penny environment
2. Most individual setups I personally trade don't work out well in the past months
The stock closes good with a decent volume on the breakout. I want to see some constructive action in the upcoming days.
October 26, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. Tight pivot level/line of the least resistance
4. High relative strength stock
5. It acted strong against the general market
The flaws:
1. The general market is still in hard-penny environment
2. Most individual setups I personally trade don't work out well in the past months
The stock closes good with a decent volume on the breakout. I want to see some constructive action in the upcoming days.
Trade closed: stop reached
I got out incrementally at avg of -5% loss in this trade.Trade closed: October 31, 2023
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