Yesterday was a huge conviction on the continuous of upward trend. If you have missed the boat of some of your favourite stocks, tread carefully and avoid chasing high. Trade safe my friends [Happy]
It does seems that the market is on a rebound after a much needed pullback. Keep a lookout on today market movement for more conviction. If it does move upwards, there would be small opportunity for a short term position gain. Have some position in $Progenity, Inc.(PROG)$@ $2.85 when market was dropping. Not a great entry on hindsight, and was planning to average down if it hits $1.8-$2 range. It was a test of my emotion, which I did feel bad. Do hope to see it rally towards $4, where I will slowly trim down my position and take profits. I will maintain cautiously bullish till Xmas. Monitor your position my friends, so that you don’t overcommit your portfolio. Never
Market is moving in yo-yo state, lots of uncertainty if you are doing short term trading. Do not be greedy nor fomo and stay calm [Smile] Didnt do well in last week trading, got trap by market in $Pioneer Power Solutions(PPSI)$and had to cut lost at the next possible rebound within the day [Facepalm] Nevertheless it is still the best time to learn in this volatile situation. Hope to improve and keeping “school fees” small [LOL]
At minimally, enter with a plan and be swift & decisive about it. Every seconds count literally. $Quantumscape Corp.(QS)$24 Nov. Emotion got a betterpart of me on and enter a little too late to the party for a short run of $1-$2. I was looking to get out if it reaches $33.50-$34. To me, momentum seems to be have ran out and got myself out of the trade at breakeven area.$SL Industries, Inc.(SLI)$24 Nov. it hit my stop loss after failing to continue with the momentum. Though it did eventually pullback further for about 20cents before reaching for the $10+ range that Iwas aiming for. A good estimate read despite notreaching (well you can’t be right on all trades)Hope you guys had a great thanksgiving! I
Just my trading journal, so here’s how I did on 23Nov. $Transocean(RIG)$enter around 30mins after market open. It didn’t seem to be able to push towards 3.23 during at the hour mark and kept hitting the 3.2 ceiling. As I didn’t want to trade till early morning here in Asia, I got out with a minimal loss.$Astra Space(ASTR)$this was a good lesson to set my cut loss in the case market didn’t go accordingly to my plan. Thus losing more than I intendto (25USD). Keeping losses tight is a must for all traders, especially beginners like myself. If you are just getting started, please keep that in mind.$Quantumscape Corp.(QS)$continues to meet strong resistan
$Quantumscape Corp.(QS)$While waiting for it to run wild beyond $36, readjust stop loss to slightly above breakeven point after sensing 2days of weakness. $36.x indeed didnt hold well and trigger my stop loss. Got off unscarred, which is a good thing for short term trade. Have to aim for breakeven/lose less when you are wrong, and win big when riding the trend. Will attempt to do intra trade on this next week instead of holding overnight.
Am new to trading, pending down my thoughts as I journey through.$Quantumscape Corp.(QS)$is in strong bullish trend, looking to ride the wave for short term/intraday trade. Looking to add position when prices fall between 7 & 13 moving average exponential.Stop loss below the previous candles low (selecting 10 Nov, with stop loss placed 33.62)Targeting profit around $41 - $42. Are you already on this?