I didn't want to get long again. But it is frustrating here. Until now we didn't see a breakthrough to the downside. That makes me think that we can see a retracement to the upside at least.
Comments
motleifaul
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This way I got an average sales price of 1.0849 - almost optimal.
ZhaoH
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Your opinion posted yesterday seems to be rather accurate so far, so kind a mentor you are, have a nice weekend!
motleifaul
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Thank you, same to you!
I try to give back something I have received myself in the past and still receive from the other participants.
motleifaul
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And now - oomph, oompah - I am taking the other, the second part of the beautiful profit closing the position.
motleifaul
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This was worth trying. I am selling part of my position now taking a fine portion of profit already. Let's see what comes further.
ZhaoH
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Thanks, boss, where do you think the retracement would reach to?
motleifaul
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I usually never predict targets. This is much more difficult than to find entries. And targets have already many to to with money management which is a very individual approach. There are many clearly visible and hidden obstacles on the way up. If I would paint them in the chart it would look like a hurdle race. So what you expect depends very much from how fast will you take profit and if and how much loss or drawdown you are able or willing to tolerate. How long do you consider a drawback as a such or as a failure of your idea? This is the art. I cannot explain it. The charts I show are handicraft "only".
I said it at other occasions already: I have a profit to loss quota of 50 % only. But at the end I am profitable. This is how I deal.