AI
Saturday, May 27, 2023 8:40:01 AM
On the right chart, I was scaling into etf dapp between 2.75-3.00 for 2700 shares in Dec2022 based on Fib's. As markets do, they bring max pain to get you out of a position, lost patience and got concerned when it broke below my lowest 2.75 entry (stop) down to 2.50s, I exited at breakeven. In subsequent 2 months Fib retraced for 100% upside, these are weekly charts. On the left side is the U's. with a uvix high gap of 19.62 on 3/27, Fibs below
.50 retrace 20.22
.62 retrace 21.75
Staying flexible and objective, at the same time, see if I can learn from the past mistakes of max pain and patience. I plan on being away from the board for a few weeks, some time off and traveling, will pop in occasionally, best of luck with trades to everyone
All my posts are opinion only and shall not be perceived as investing advice, I am not a licensed financial advisor.
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