Community discussions
Direction: Bearish (Swing Trade)
The "Thief" Entry Strategy (Layered Limit Orders):
Instead of one risky entry, we use multiple sell limit orders at descending levels to average into the position.
Layer 1: Sell Limit at $230.00
Layer 2: Sell Limit at $220.00
Layer 3: Sell Limit at $210.00
(You can adjust the number of layers and prices based on your own risk appetite and chart analysis!)
Stop Loss (The Getaway Car): 🚗
A break above the recent structure invalidates the bearish idea. My personal stop loss is placed at $240.00.
⚠️ Note, Thief OG's: I am not recommending you use only my SL. Managing your risk is your own choice. Make money, then take money at your own risk!
Profit Target (The Loot Bag): 💰
We aim to escape with profits around $180.00. This target is based on:
A major Moving Average acting as strong support.
A potential oversold bounce zone.
A classic "trap" level where buyers might step in.
So, exit quickly before the "police" (market makers) catch us! 🚨
⚠️ Reminder: This is my target. You are free to take profits earlier or adjust your own TP based on live market conditions.
📡 Related Assets to Watch (The Lookout)
NVDA (NVIDIA Corp.): The Godfather of the sector. If NVDA sneezes, AMD can catch a cold. Watch for correlation.
SMH (VanEck Semiconductor ETF): Tracks the entire sector's health. A bearish move here often confirms broader chip weakness.
SPY (S&P 500 ETF): General market sentiment. A weak market often drags down high-beta names like AMD.

Christmas came early
To the hell?