First Thing You Need to Know Here Is That All The Strategies in the world are only successful if you can exercise the patience required. Sitting Tight Is the most important skill not reading charts.
I Went Long In Balamines on 26th October 2020 Basis A Weekly Inside Bar Breakout. The Stock Was In A Strong Uptrend Before This And Had Taken A Pause Between August to October. The Movements Became Tighter & Smaller with each passing week and that is when it started showing up on my radar. I took my first long when the high of 19th October candlestick was breached, The Stock did nothing for a week post my buy ( sitting tight is important through these phases ), Exploded Post this and reached a high on 1054 in November but reversed from there again. It was waiting time again, I waited for a month and the movements started becoming tighter again in the week starting on 28th December, I went long again when the high of this candle was breached at 950. The stock flew next week making a monster move of 22% in one week. After another month of waiting in Feb came another monster move of 35% in one week. By First Week Of March the stock reached a price of 1905, A 114% Move over my average price.
I am Still Holding the stock. The Moves Came Coz I sat through the dull phases not because I have a special skill in reading charts.
Hope This Helps You in improving your performance. Always Trade On A predefined risk.
I Went Long In Balamines on 26th October 2020 Basis A Weekly Inside Bar Breakout. The Stock Was In A Strong Uptrend Before This And Had Taken A Pause Between August to October. The Movements Became Tighter & Smaller with each passing week and that is when it started showing up on my radar. I took my first long when the high of 19th October candlestick was breached, The Stock did nothing for a week post my buy ( sitting tight is important through these phases ), Exploded Post this and reached a high on 1054 in November but reversed from there again. It was waiting time again, I waited for a month and the movements started becoming tighter again in the week starting on 28th December, I went long again when the high of this candle was breached at 950. The stock flew next week making a monster move of 22% in one week. After another month of waiting in Feb came another monster move of 35% in one week. By First Week Of March the stock reached a price of 1905, A 114% Move over my average price.
I am Still Holding the stock. The Moves Came Coz I sat through the dull phases not because I have a special skill in reading charts.
Hope This Helps You in improving your performance. Always Trade On A predefined risk.