SOLD !! Congratulations to trade who had bought for swing trade .
It was a tough one, but the stock actually skyrocketed! 😮
If you had gotten in, that's over 70% gains!
At this point, you might be wondering, what caused this meteoric rise? And how could you have gotten in before this rally?
The truth is, none of us holds a crystal ball and there's no way to predict this outcome...
But does it mean there's no way we could have gotten in early?
Not exactly.
As with how most traders decide whether to enter a stock or not, the common approach is to use an arsenal of indicators and confirmation signals to analyze the chart.
Experience traders who are really good at this, and could afford the hours required for research and analysis would have managed to get in before the rise and benefited from the >70% gains here.
But what about the average joe who has no idea how to use complicated technical analysis or simply does not have the time?
Many of them have gone on to generate consistent monthly profits from the market without compromising much of their free time.
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.
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