ReactReflect

GDS post trade reflection

NASDAQ:GDS   GDS Holdings Limited
This is a post trade analysis of GDS , which offered two exceptional low risk entries. I entered in a less ideal point, but luckily it ended up ok.

Some key point of picking a stock and design a trade:
1. Make sure the fundamental fits CAN SLIM principles, i. e. on an accelerating growth
2. Check the big picture: a. multi-year uptrend; b. consolidating and ready to break out
3. Ideally find VCP pattern before entry, e.g. price tightening and volume decrease
4. Ideal entry point tells you if things are going by your plan with minimum draw down, e.g.. within 5% to a pivot , and within 5% to key MAs, so a 5% drawdown can give you firm signal to exit.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.