Brothers, did you follow up on that position we ambushed a few days ago?
HOOD long— the limit order price that was made public 5 days ago was 104.756. Later, the price kept climbing to 111.061. This move is +6.02%; with 12x leverage, that’s +69%. Back then, the defense price we were given together was 100.456, and it was never touched throughout the whole run.
Now let’s talk about the next step. After the take-profit price, the price has pulled back -4.39%. The current price is 106.190. There’s still -17.01% room from the nearby 60 K-line high of 127.950. As for volume, over the past ~5 bars the average volume is 1.62 times the average over the past ~60 bars. Since we’re still some distance from the upper bound, if the volume doesn’t collapse, we can look higher for a bit more.
The position is still there, the volume is still there—don’t rush. Take it slow.
$HOOD #TradeJournal
HOOD long— the limit order price that was made public 5 days ago was 104.756. Later, the price kept climbing to 111.061. This move is +6.02%; with 12x leverage, that’s +69%. Back then, the defense price we were given together was 100.456, and it was never touched throughout the whole run.
Now let’s talk about the next step. After the take-profit price, the price has pulled back -4.39%. The current price is 106.190. There’s still -17.01% room from the nearby 60 K-line high of 127.950. As for volume, over the past ~5 bars the average volume is 1.62 times the average over the past ~60 bars. Since we’re still some distance from the upper bound, if the volume doesn’t collapse, we can look higher for a bit more.
The position is still there, the volume is still there—don’t rush. Take it slow.
$HOOD #TradeJournal