— On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
Thanks for this anaysis. Because the RSI is oversold right now (daily) could it go up in the short term before heading to 29.43?
SPYder_QQQueen_Trading
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@MitchvanBovene, Oh absolutely. Either one of these targets are possible. I only take positions based on their upward movement... BUT, if it DOES hit the bottom (it doesn't have to) then I will double my position there which will bring my profit target closer (I'll adjust that if it happens). Absolutely... this can hit 45.95 first and if you look at the past price movement it is quite likely. ☺️