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Re: Bubae post# 8913

Saturday, 01/06/2024 8:16:09 PM

Saturday, January 06, 2024 8:16:09 PM

Post# of 13905
The data is right in front us every day, absolutely don't have all the facts. The charts explain what facts you are aware are or aren't being implemented. Thats all I need for risk management. If I don't adhere to risk management I will be a bad trader. Plain and simple. No offense intended in any way. Reading charts is massive. For example at fridays close I see the 1st of the year profit taking done after almost $20. of gravy was taken off the table on AMD. Why? Because it made its critical low stop on all the 100 day support level and put in a bullish candlestick on fri as well. Now if you need any news for the company, friday also gave it a new all time higher price target. I see this up $25 in short order, they are salivating to break the old high in very short order. At the same time a person could play the 6.5-7 put option on SOXS for all the same logic inverted. Charts, charts, charts...its all there. Just watch what takes place, it will be quite a ride. That's why I'm not worried about BEGI gaining traction at all. I didn't mention it yet, but the 50-75 mill shares I was looking may never be sold until almost a penny or higher, and maybe not at all. Not that I like options risk that much, but to show that even the highest risk trading requires the highest level of risk management. Just play by emotions in that park and the fastball will strike you out now, not later.
Cheers.
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