Hey guys, this is my Long trade for Pinterest. This is not a day trade but a swing trade. This is not financial advice, I'm just showing what I'm doing.
PINS' chart has only seen a Bullish Engulfing (BE) pattern on 4 instances since it has gone public. 1) The first was at the beginning of January 2020 - the stock rallied from $18.88 to $27.10 by Feb 7th, 2020. (43.5% increase) 2) The second was at the end of March 2020 - the stock rallied from $14.92 to $21.59 by May 5th, 2020. (44.7% increase) 3) The third was...
65 has held (until today) first trade is a gap fill and the second a fib retrace with a higher R/R
My buy zone and target for Pinterest. I believe $pins is currently in a consolidation right now and i think it will make another move to the upside soon. (Not financial advice)
Keep your trading simple 🚀🚀🚀 This one is more a speculative trade. T1 = minimum risk reward 1:1 Mind term target $20.6 - Closing gap. Entry was on the crossover. I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains. For maximizing your profits...
This is crazy but I want to try this. My winning probability is lower than 15%. I am going to risk no more than 0.25% of my account in this trade. No gambling. Maybe i should buy some OTM calls. PINS LONG SETUP: Entry: $19.53 Stop-loss: $18.04 ($1.49 per lot) Take-profit: $32.95 ($13.42 per lot) Risk: 0.25% Risk to reward: 1:9 Probability: Less than 15% ...