If the strong support does not hold, then it's time to get out again! Risk management!
@Sansebastian For this entry with a first tranche, the support that has been tested several times since 2011 was sufficient for me.
If it doesn't hold, I'll get out, but if it does, I'm happy about a good entry.
That's the stock market, not every trade can work out. That's why there's a risk capital component in Depot🤷🏽♂️
@Sansebastian For this entry with a first tranche, the support that has been tested several times since 2011 was sufficient for me.
If it doesn't hold, I'll get out, but if it does, I'm happy about a good entry.
That's the stock market, not every trade can work out. That's why there's a risk capital component in Depot🤷🏽♂️
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@TomTurboInvest In order to increase the probability of a successful trade, I am waiting for a bottom or a bullish weekly candle. The last candles speak a different language. I prefer to forego a few % profit before entering a trade blindly. You don't have to catch the perfect low.
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@Sansebastian I made the decision not only for technical chart reasons and, as you rightly say, you don't have to hit the perfect low. The Burberry pattern is familiar to many people and the fashion is sometimes timeless and stylish. In my opinion, the brand has more value than the share price currently reflects. There are also takeover fantasies. A new head designer has been hired, who hasn't really delivered yet. Yes, the share price has not fallen without good reason, but I believe that we have slowly reached the bottom, for this reason, historical valuation, chart technology and personal feeling, I have decided to buy for the first time. And yes, should the situation or economic situation deteriorate drastically, I have no problem realizing losses. Lg
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