SanDisk SNDK has set a new high again today, and many people are itching to chase after it.
Let me ask one question first: at such a high position, are you really brave enough to rush in directly? You wouldn’t, right?
So where would you chase? The top keeps getting refreshed, and the lows keep getting raised—where would you chase into?
My idea is to provide my pre-set execution levels. Only consider executing when a reversal/stop-fall signal appears. If there’s no pullback, then we’ll just watch—at least we won’t lose. Opportunities are meant to be waited for.
Key point: look at the high from 4 hours ago at 1774. Before it breaks out, the previously planned trading setup still remains valid (see the earlier notes). SanDisk’s volatility is extremely violent—being conservative, and having defense, is the baseline.
Many friends are wondering why not chase. I was bullish on the planned position at the beginning of August. Now the trend is right in front of us, and there’s still no top confirmation signal. Chasing now would be going against the current trend. It can be done, but it’s not necessary. There’s no market that only rises and never retraces. If the retracement is at the right spot, I’ll take it; if not, I’ll keep waiting. I won’t force an entry just to chase.
$SNDK #闪迪股价涨幅扩大至11% #闪迪财报双超预期
Let me ask one question first: at such a high position, are you really brave enough to rush in directly? You wouldn’t, right?
So where would you chase? The top keeps getting refreshed, and the lows keep getting raised—where would you chase into?
My idea is to provide my pre-set execution levels. Only consider executing when a reversal/stop-fall signal appears. If there’s no pullback, then we’ll just watch—at least we won’t lose. Opportunities are meant to be waited for.
Key point: look at the high from 4 hours ago at 1774. Before it breaks out, the previously planned trading setup still remains valid (see the earlier notes). SanDisk’s volatility is extremely violent—being conservative, and having defense, is the baseline.
Many friends are wondering why not chase. I was bullish on the planned position at the beginning of August. Now the trend is right in front of us, and there’s still no top confirmation signal. Chasing now would be going against the current trend. It can be done, but it’s not necessary. There’s no market that only rises and never retraces. If the retracement is at the right spot, I’ll take it; if not, I’ll keep waiting. I won’t force an entry just to chase.
$SNDK #闪迪股价涨幅扩大至11% #闪迪财报双超预期