Monthly model (eue.tu.ub) show optimal buy point is Q2 2020 & therefore i believe BAM is at a optimal sell point here in the last days of January 2019.
brschultz
Write sometning about your psyhology thinking before trade? Today I am better and can trade with optimism I use to have
Describe the trade. What you see? from the support at 40,5 price will advance to the at least 44 or even more
What have I done well for this trade? regcognize the support level
What can I take away to help with later trades? this was a...
Shorting Bam, broke down through channel, lower high and lower low, double bottom break.
it is trending with the spy but its more bearish. Put at $40 strike, $2.4 stop at $1.2, Delta - 0.76. EXP Jan 18.
Break even is $37.60
Target is $3.6 to profit $120. New strategy to take profit early instead of trend follow. High probability trade. Low Risk.
Downsides...
BAM closed today with a bullish engulfing in the support of a channel with a huge volume. I would expect to see it in new highs in the next weeks.
KL: 39.05
SL: 37.90
TP1: 41.35
TP2: 42.5
Brookfield Asset Management Inc. is an alternative asset manager. The Company operates in eight segments. The Asset Management segment manages its listed partnerships, private funds and public markets on behalf of its clients. The Property segment includes the ownership, operation and development of office, retail and other properties. The Renewable power segment operates and develops hydroelectric, wind power and other generating facilities. The Infrastructure segment includes the ownership, operation and development of utilities and agricultural operations, among others. The Residential development segment includes homebuilding, condominium development and land development. The Service activities segment includes construction management and contracting services and property services. The Private equity segment includes the investments and operations overseen by its private equity group. The Corporate activities segment includes the allocation of capital to its operating platforms.
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BAM
