Alright finally opend my NUWE position. This is exact pattern scenario you are looking for when opening a large position w/ intentions on holding and letting it run for 1 or 2 weeks.
$Nuwellis(NUWE.US$I only have three words to say let’s f*cking go… However, I drank too much coffee and too many of those “orange tablets” my dr prescribes me so ill rant outloud to myself. 🤣
For those of you that may think holding something for one to two weeks is a long time… you should give me two week holding a chance. For stocks, I intend on holding for 1 to 3 weeks it Hass to have a perfect pattern scenario like this that is very predictable. Maybe the day by day movement is not predictable, but overall tranjectory is clear.
I only intend on holding positions for 1 to 3 weeks. If it is a large position, normally, I only hold one or two BIG positions in portfolio at a time. Definitely worth it ij the grand scheme of things……instead of over trading, taking a loss, followed by a win repeat. Considering this stock is admist a reversal pattern from its bottom, I see nothing but gains from here on in. Yes, I could’ve got in this play a little earlier however, a lot of times for large positions I prefer seeing confirmation of an upward break out before, jumping in the deep end… Every once in a blue moon when you think it still has hit its absolute bottom, it’ll play a little trick on you. Not to comment if you are familiar with charts but I promise you it can and does happen and it’s not good when it doesmhahaha. when I start retest, it’s bottom support and fails, it can drop them radically and fast. Not the case with this one.
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rengoku : wats ur entry?
RIPPEROP rengoku: I think it was something like 10.82. I bought it around 5 AM when I saw I was able to transfer funds over from one account to the other. I’m saying goodbye to Fidelity and it feels like such a relief. Between all of their rules on margin account, it’s like jumping through hoops just to buy and sell a stock.
Like I said, I wish I bought at the bottom for another 60% plus however, you can’t win them all, there’s plenty of meat on this one. I’m looking at those daily and the weekly scale moving averages on this, and it looks spicy.
ricko : I agree with the overloading scenario and selling for a loss, only to watch it spike the following days
ricko : overtrading I mean
RIPPEROP ricko: Do you happen to organize your watchlists how many weeks and days is? For example, I personally have two lists created for each week, sometimes even a specific one for a day, and I do not necessarily delete the previous lists…..
If you do, like, I think I mentioned before to you, go check up on your weekly list from two or three weeks ago… I’ll bet you that list will be nearly all in the green
RIPPEROP ricko: Yeah, just trying to share some wisdom… Not to mention I’m also helping myself improve by saying these things out loud as I voice dictate into my iPad
ricko : that's what I was saying happens all the time I think I'm gonna pick some up
Mafiosa818 : take it easy on those orange tablets. $Nuwellis (NUWE.US)$ entry at 7
Mafiosa818 rengoku: under 8. 7 ish entry.
rengoku RIPPEROP: arghhhh its dumped hard today
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