I bought my positions today
June 8, 2023
The reasons:
1. The stock offers a low-risk entry point
2. It developed a small cup-and-handle pattern
3. It outperformed the general market
4. It has a high relative strength line
5. It has VCP characteristics
6. It breaks out with a huge volume
Flaw:
1. The market is still in a correction
2. Lack of setup in the market
June 8, 2023
The reasons:
1. The stock offers a low-risk entry point
2. It developed a small cup-and-handle pattern
3. It outperformed the general market
4. It has a high relative strength line
5. It has VCP characteristics
6. It breaks out with a huge volume
Flaw:
1. The market is still in a correction
2. Lack of setup in the market
Trade active:
I sold half into strength at +22% profit and quarter at +30% profit, today. I'm freerolling the rest of my positions now.
Trade closed: target reached:
I sold my last position at +40% profit into strength today. I'm out when the getting is good.
Trade closed: July 26, 2023.
Trade closed: July 26, 2023.