RE: I3E29 Jun 2023 11:18
I defo need to go back to my basics
ignore long term investments
buy only when seeing the market moving - not what I 'think' it will do
not get tempted by spikes and ceo 'storys' and BB rhetoric when you pull out and see its still on a long term downtrend ( only get in and out quick, for potential day trades don't hang around )
buy when its on an uptrend on the weekly chart, and buy in and out on the waves
and keep eyes open for potentially transformational spud dates of course
and take profits when i can, I do have bad habit of hanging on too long. Pulled into the 2-3 year story on prem and kod - when I could have sold on the highs. Still no rns on kod so its gonna be delayed another month for finalisation
I had a 25% profit on that recent IOG punt but held out for more but its drifted since - still got out with 10%
taken a few too many risks and been burnt, need to be a bit more conservative
going into reassess mode ( again ) lol
that being said, GCAT does look promising now, I got lucky before on a spike - but now it has turned and it is in a weekly upward trend and drawing a pair of parallel trend lines, you can get an idea of where the waves will hit to jump in and out
got in i3e today at 12.98 as it started popping back, trying to get out with 5% profit for little day trade - on the weekly and daily it is on a long term downtrend, so dont want to hang around