Chapeau! Well done, unfortunately I am (still) a bit too cowardly for such actions with my capital level, although I see them coming and in 2/3 of the cases my forecast comes true. I'm long $UBER and am very convinced that it will work out, or rather it's just going in the right direction for me.
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@M_P_V You can't go wrong with Uber Long, I see a lot of potential there.
I tend to look for swings in individual stocks, but the fact that it has now made +20% in 2 days is also good luck.
I deliberately bought the dip, but would have expected a few weeks until the exit.
A few years ago my lot sizes were even smaller, for example I made such trades with 500-1000€. But as the size of the portfolio grows, so do the position sizes - the position size is determined by money management. What is the maximum amount I can lose.
I tend to look for swings in individual stocks, but the fact that it has now made +20% in 2 days is also good luck.
I deliberately bought the dip, but would have expected a few weeks until the exit.
A few years ago my lot sizes were even smaller, for example I made such trades with 500-1000€. But as the size of the portfolio grows, so do the position sizes - the position size is determined by money management. What is the maximum amount I can lose.
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•Does that mean you consciously get out of such things completely after 15-20%? So not just realizing partial gains?
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•@PIXELINVESTOR I don't base this on a percentage, it always depends on the chart. Also, whether a partial profit or the entire position is always a case-by-case decision. With this position, I set a tight trailing SL on the entire position, which then triggered at 74.
PS: I set a trailing SL on $POS over a week ago, but it is still running - but if it falls, the position will be exited at around +35%,
PS: I set a trailing SL on $POS over a week ago, but it is still running - but if it falls, the position will be exited at around +35%,
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