Congratulations to trader who had bought it on premarket for day and swing trade
What we should focus on instead is finding stocks that have healthy and stable trends we can ride on.
Not the 'perfect' stock or your favourite AAPL, TSLA, etc...
This increases our odds of success and the best part is all you need is a good system in place that can help you identify and filter these best potential winning stocks out.
Second, don’t obsess over using multiple strategies or indicators.
Most people tend to use multiple strategies because they want to be as accurate as possible.
But the truth is by the time all their strategies/indicators are aligned, it is already too late and the stock would have already moved.
Even with a 50% win rate, you can profit massively by knowing how to cut loss fast and let your winners scale.
And finally, do not buy low and sell high.
One of the most popularized concepts used widely amongst traders and investors alike, it has only caused people to lose more money in the past 2 years.
Most people often find themselves buying lower and lower and eventually catching the falling knife,
Instead, focus on buying strong and selling weak.
I've said many times that the easiest way to profit in the market is by following the trends.
Buy when the stock is on a strong trend, and sell when the trend starts to weaken.
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.
- cheerzy·2023-04-04TOPEVGO receiving $6.6M from California Energy Commission to install 100 more chargers at 17 locations. I tried to post the link, but you know how that goes. I found it in the investor section on EVGO's website.LikeReport
- frosti·2023-04-04Except for some unforeseen news/announcement about expansion and guidance, analyst upgrades, buy out, etc, I expect this stock to become again a day trader's playground of shorting, buying to sell quick, selling to buy again.LikeReport
- wigglyz·2023-04-04The chart pattern looks very favorable for continuation of the upward move in short term.LikeReport
- bubblyx·2023-04-04The rally path is going on to $11LikeReport
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