$Sea Ltd(SE)$ SE is my most significant EC-moving trade of the year, with a 4% equity return in only nine sessions. That's only because I now focus exclusively on pullback buys. This allows me to take a more significant position while respecting the same EC risk.
We opened the trade on Sept 11, in that three-day tight range right at the 21dma, base level retest, as we pinched in that swing high-and-low structure AVWAP. That allowed for a 22% position size, risking only 0.25% of my capital using the structure low pivot as my stop-loss.
And, I trimmed 1/3 of my position to +20% (+17R) as it tagged the 8xADR from my 50dma extension rule, nailing some good profit into strength.
Let's see where this runner goes now.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments