I bought my positions today
March 30, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. Explosive run, up +300% after the IPO
4. The correction/pause has VCP characteristics
5. Volume dries up, indicating supply stopped coming to the market
Flaws:
1. Stock closed squat
2. Lack of volume on the breakout
So far, it acting normal. I like to see some constructive action in the upcoming days.
March 30, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. Explosive run, up +300% after the IPO
4. The correction/pause has VCP characteristics
5. Volume dries up, indicating supply stopped coming to the market
Flaws:
1. Stock closed squat
2. Lack of volume on the breakout
So far, it acting normal. I like to see some constructive action in the upcoming days.
Trade closed: stop reached:
I get out at the breakeven today.
Lesson: I sold very quickly to secure my capital after a 12% run when I should at least sell half at breakeven and half at the OG stop.
Trade closed: March 31, 2023
Lesson: I sold very quickly to secure my capital after a 12% run when I should at least sell half at breakeven and half at the OG stop.
Trade closed: March 31, 2023