2Semana·

Trade-Diary #1 - Resmed buy positive Momentum

Trial makes perfect.

Observe a fixed set of growth stocks (>10% sales growth p.a.), which I would also hold in drawdown and buy later.

My problem is that I tend to buy and sell on instinct.

I don't see buying as such a problem, it's actually more the selling.

Maybe it helps to track a few trades accordingly.

So here is Numero Uno #1

$RMD looks interesting so far.

* Momentum has turned positive.

* RSI has room to the upside.

* No resistance until the first target at the 52 week high.

* Stop theoretically below the 200 day line. (I'll probably buy more anyway, because it can't be ;)

What do you think? Can you do it or fail?

So long (and thx for the 🐟)

19.09

Resmed

Comprado x2 em € 234,50

€ 469,00

3 Comentários

TomTurboInvest@TomTurboInvest

2Semana

If you set up the whole thing as a trade, I recommend that you not only define an entry range and a stop loss, but also an exit range where you secure at least part of the profits.
Just as you derive the SL from the chart, you should also find a system for exits. Otherwise, there is always a risk that you will miss the exit and the profits will evaporate.

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ToSh@Bikepacking

2Semana

@TomTurboInvest Yes, you're right. I should see it strictly as a trade.
Then the partial sell would probably be at the 52 week high or at RSI 100. Even if that's just a pizza profit, I think it helps to find an appropriate setting.

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TomTurboInvest@TomTurboInvest

2Semana

@Bikepacking It is important that you find a setup that works for you - and then use it again and again. Only then will you see if it works. If not, you can adjust it. If you set up every trade differently, you will never really know what works or doesn't work and why.
For me, the first TP at $RMD would be $285, if the price goes through there, then the next one at $293 - I derive this from the VWAP, for example.

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