Review of trading ideas ๐
$LendingTree(TREE.US$ The position was established after breaking through the platform at the end of November. The price was $17.6. After 7 trading days, 1/3 of the position was sold at $22.53 as early profit protection. After 23 trading days, the price fell below a small consolidation platform. Considering the increase in supply from above and the fall of 10MA, 1/3 of the position was sold at $29.32 due to trading risk control. The profit at the time was 66.5%. After 27 trading days, the remaining 1/3 position is now $34.87, and the profit is 98.12%.
Novice traders may feel sorry or even remorseful when looking at the results through a rearview mirror, but I'm quite satisfied with this trade because I know that not every trade shows this trend. The probability is less than 10%. Mature traders consider overall (hundreds or even thousands of trading) risks and benefits, and there are basically no mood swings. Mature traders always look ahead, think about potential ups and downs at the same time, and always maintain their advantage.
There are no perfect trades in the world, and traders can always gain from good deals and bad trades by retrading, thus becoming stronger little by little. ๐
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MattSully : Congrats bro!
Thanks for sharing the risk management style.
Ondo : How to Control Fear and Greed
sTone83OP Ondo: Rely on trading systems and discipline.
icezzz : Congrats โฆ how do u pick stock for trading ? Solely on charts or refer company profile too ?
sTone83OP icezzz: The chart is the main focus. The fundamentals only look at the growth rate of the industry and EPS/net profit. When the chart is good but the fundamentals are not visible, the price behavior of the chart is the deciding factor