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Yabbyuwu
Sep 29, 2020 2:04 PM

Gap up entry with poor risk control  

IONEER LTDASX

Description

Interesting stock to watch here as it is reacting differently Aussie and South American lithium miners today in the asx.


  • Supply: Lots of bag holders from previous support and gap downs lining up to sell
  • Demand: Preference for vertical integration as car manufacturers wish to reduce supply chain risk? or just FOMO




Who knows.
Entry level: 0.12
Exit: 0.095

Comment

Might be a good idea to decreasing holdings yesterday + this morning as some key resistance levels are reached.

I actually got out on the next day at $0.125 because I was afraid of:

1. Environmental concern
2. Trade was (and still is) quite crowded

Shocking trade execution. I tend not to cut losing trades and get out too early in winning trades.
Comments
DJWTrading
Really nice trade, Im hoping youre still in.
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