I took a small position at 1.24 on RMS, on the chart 23/04 it's broken the trendline, putting the system and patience into practice.
Today I sold half of my position at 1.70 to de-risk my position and let the rest RIDE.
Based on the company’s fundamentals, looked promising. After AT1 listed, strong opening on 2nd day. I bought 45 at open, sold half at 55 on the same day, making my average to 35.
Next day, I made a mistake and traded out of my system. Big mistake as I added at 545. Then it didn’t act right as the day goes, I sold out at 49.
I turned a profitable trade to a...
Start from long term, purple below and newer one purple from up to down, from the resistance yellow line, we want to see the move of uptrend across the purple backtest, stay within the range of purple line making sure not break through below the purple line. If it goes, this is a BUY!
The yellow line shows level, green lines are meant to hit the yellow, down a little and break through the yellow trendline. In this case, the green bubble circled the low red dip shows it's doing the opposite. Hence, that's the STOP OUT sign.