And did you get into one or more of them? And what's $STZ, our cane cracker, doing there? I'd have to buy and drink a lot of alcohol from them, because it's only bearable when you're drunk.😉😂
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@Multibagger at $STZ I drink alcohol and wait 😅
I got in at $AMD $SYM and $INOD - but only as a day trade - i.e. out by 21:50 at the latest.
I only get in if I catch the price at the VWAP (purple), if the trend is rising (higher highs) I go long. SL below VWAP.
I don't go short, but if someone wants to go short then the entry would be below the VWAP at lower lows, etc...
I got in at $AMD $SYM and $INOD - but only as a day trade - i.e. out by 21:50 at the latest.
I only get in if I catch the price at the VWAP (purple), if the trend is rising (higher highs) I go long. SL below VWAP.
I don't go short, but if someone wants to go short then the entry would be below the VWAP at lower lows, etc...
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•@TomTurboInvest I do not do day trading short
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@Multibagger similar to $DGE and $RI 😂
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@TomTurboInvest at what price did you get $INOD?
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•@Multibagger at 43.12$ at 15:53 - there was another setback to the VWAP of the session.
But the price melts away at the close of trading... well, not all trades are closed with a big profit 🤷♂️
But the price melts away at the close of trading... well, not all trades are closed with a big profit 🤷♂️
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•@TomTurboInvest But you could also say that you were too greedy for a day trading position and didn't take the 6%? 😉 Which wouldn't be bad for a stock trade in one day, would it?
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•@Multibagger Yes - you could say😅
In the end, what counts is a positive result, which is sometimes higher, sometimes lower, and sometimes a loss SL comes out.
You can see the same thing when you enter the market.
Do I catch the momentum at the beginning, or do I leave a few percent and wait for the consolidation? The latter results in less profit, but also has a much higher probability, as the trend is more visible - I often take the structure after the consolidation. https://www.tradingview.com/x/5cmrIhou/
PS: I would have to compile a statistic of which is better, either a tight trailing SL or simply getting out at 21:50?
In the end, what counts is a positive result, which is sometimes higher, sometimes lower, and sometimes a loss SL comes out.
You can see the same thing when you enter the market.
Do I catch the momentum at the beginning, or do I leave a few percent and wait for the consolidation? The latter results in less profit, but also has a much higher probability, as the trend is more visible - I often take the structure after the consolidation. https://www.tradingview.com/x/5cmrIhou/
PS: I would have to compile a statistic of which is better, either a tight trailing SL or simply getting out at 21:50?
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•@TomTurboInvest I would do the former, or do it
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•@Multibagger This is an area where I have not yet found a clear strategy. Sometimes I do it this way, sometimes that way. With mixed results - sometimes it was the right decision, sometimes not.
It would be better to pull off one variant consistently, because one way or the other is not really good 😂
Today a trailing SL at 44.70$ (16:20) would have knocked me out - the daily closing price was similar - but that's a coincidence. If then you have to set the SL tightly, but you can also take profits 🤷♂️
It would be better to pull off one variant consistently, because one way or the other is not really good 😂
Today a trailing SL at 44.70$ (16:20) would have knocked me out - the daily closing price was similar - but that's a coincidence. If then you have to set the SL tightly, but you can also take profits 🤷♂️
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@Multibagger Tomorrow $STZ earnings - hop or drop? 😅
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