MrRenev

MU bearish divergence

Short
MrRenev Updated   
NASDAQ:MU   Micron Technology
As I have a feeling everything is drying out I need to look at more to find a decent amount of opportunities.
I am not trading this, just checking what is going to happen to see if this can be a trade opportunity, next time.

Is the price going to retrace with this RSI thing?
Where too.
Going to check back in a couple of weeks see what happened.
Comment:
I am feeling regrets.
Already down 5% since I published this 3 days ago.
We reach at least the blue line I believe.
Probably several weeks of bear even...


They will be other opportunities, I start trading stocks at the end of August/start of semptember. Deciding between Interactive Brokers and TD Ameritrade. Going to depend if I want to trade often, what TF, and if I scale or just all in.

Dan from the chart guys is on IB & Fidelity, must be becuase he often (all the time?) scales in. And also trades penny stocks. And takes several trades in 1 day.
TD Ameritrade if I decide to swing and that is probably what I will do because I cannot have a job + take 3 FX trades a day + watch crypto AND day trade stocks, that would be too much XD
Comment:
Already down 5$ since that idea.
Testing the daily trend, might lose it and start a downtrend, how low could it go???

Maybe... MU going to be the next Tesla :)


I wish I took that trade.

Ok I finish testing my system and tweaking it for a month or 2 then I start trading stocks.

Actually do I really need to work on my system? Might as well just trade the few setups I always am victorious with but look at dozens of currencies futures stocks which means I'll have plenty of trades to make.

In the US a minimum of 25.000 is required to trade whatever way you wish to, outside there there is no min but I think 15.000 would be a minimum to make it worth it with the commissions etc.

Interactive broker for taking plenty of small trades, otherwise TD Ameritrade (thinkorswim ... they even got conditional alerts unlike tradingView got to create your script and go around the limitations). For investing, I have no idea I am broke I cannot invest got to grow first.
Comment:
Feeling pretty frustrated here I wo'nt lie.
It was a bad idea to look at stocks without actually trading them.

Huge profit for anyone that shorted at 62$
I would lock about half here as it is possible it bounces of 20DMA, and ride the other half much further down.
A 10k position divided in 2 = 5k, 15% drop = 750$ Ye would have made 750$, not to die for either.

Summer is starting stocks should be less volatile now but idk might be possible they actually move alot this summer? Is it?

Comment:
A bounce with bullish div.
Now might or might not be a good idea to short it. Got no idea.

Comment:
Retraced 0.5 & rejected resistance.
The pain probably is not over for micron fomo bagHODLers.
Already feeling eager to read their quotes :p


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