AI trade ideas
IPOsI find these very difficult to trade..lol
It is wonderful while they are going up..but when it is time to come down, there is no support and you are like..Holy Cow! Free fall!!
I look at the chart and there is nothing to catch price except possible the bottom, which does not always hold.
There is no base established. I have decided I will not touch another IPO until there is a trading base established. My new rule. Unless I want to do a momentum short term trade and sell super quick..I am out. I do not care how good it looks..lol
This has been added to my set of trading rules, or my plan.
Comments encouraged
what is your experience with trading these?
AI, DASH & ABNB ipo's comparison: no chart history yet obviouslyAI C3Ai Inc
high: $109.22
low: $90.62
close: $92.49
DASH DoorDash Inc
high: $187.49
low: $173.39
close: $187.20
ABNB Airbnb
Seeks $47 billion valuation shares start at $68
I'm personally waiting a week or more, before trading AI, DASH & ABNB. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com
$AI is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
C3.ai deploys artificially intelligent software for business applications,
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $102,00;
stop-loss — $82,00;
take-profit — $162,00.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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