GlenGoodman

Forget Bitcoin and watch this textbook TA!

Education
GlenGoodman Premium Updated   
LSE:PPS   PROTON MOTOR POWER SYSTEMS PLC ORD GBP0.005
Away from the action on BTC and the S&P500 , I'm making big profits on hidden gems, like this UK stock. A classic TA inverse head and shoulders setup! Straight out of the dusty textbooks. Strong volume on the left shoulder and weak volume on the right shoulder, just as it should be. I bought just above the breakout line. The breakout is clean, retests to a perfect level and then takes off like a rocket! Beautiful. (and highly profitable).
Comment:
Peaked at 38!!! Can it go even high? I'll be watching closely with my finger hovering above the sell button. But for anybody thinking "you're crazy to hold! Sell it right now!", just remember you probably would have been thinking the same thing when the price was at 20. The key to long-term trading success is to cut your losses and let your profits run!
Comment:
I've now sold half my holding. As I had a 200% profit on my position, selling half makes sense as this position now accounted for an outsized risk in my portfolio compared to my other positions (because it had grown so much). By selling half, I'm still letting a lot of the position run into further profit without risking too much of my capital.

THE CRYPTO TRADER: How anyone can make money trading Bitcoin and other cryptocurrencies

Published by Harriman House.

This link should take you to your local Amazon site.

http://getbook.at/TheCryptoTrader
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