[STOCKS] The Technicals Behind GameStop (GME) #3
מעודכן
Hello everyone, this is an update of my previous trading plans for GameStop. I discovered this stock back in November 2020 with the help of r/wallstreetbets. I've tried to apply the technicals almost at every point, even though this market acts insanely irrational.
It's very important, especially for beginner traders, to enter a trade at the lowest point possible and not during a pump.
You won't have a trading plan and you won't know where to take profit. So you will end up holding bags.
Luckily, the price of the GameStop stock made a return with an inital movement. I've entered another trade with a buy-in at $42 with a take-profit order at $150 (and another one at $420,69). We had a great risk/reward ratio here, but this one wasn't easy to spot.
I personally did not expect the price to move past the $200 mark but it did. This is a good sign for those who like the risk.
We can see that the price is moving towards previous highs, where sellers appear on the market. Most of them try to sell their bags to break even or they take profit in an obvious risky trade.
I personally don't trade this stock anymore. There are many more other opportunities in the market.
Please always consider to got to a casino an take the 50/50 - red/black chance. You might be more successful :-)
cheers,
Ares
It's very important, especially for beginner traders, to enter a trade at the lowest point possible and not during a pump.
You won't have a trading plan and you won't know where to take profit. So you will end up holding bags.
Luckily, the price of the GameStop stock made a return with an inital movement. I've entered another trade with a buy-in at $42 with a take-profit order at $150 (and another one at $420,69). We had a great risk/reward ratio here, but this one wasn't easy to spot.
I personally did not expect the price to move past the $200 mark but it did. This is a good sign for those who like the risk.
We can see that the price is moving towards previous highs, where sellers appear on the market. Most of them try to sell their bags to break even or they take profit in an obvious risky trade.
I personally don't trade this stock anymore. There are many more other opportunities in the market.
Please always consider to got to a casino an take the 50/50 - red/black chance. You might be more successful :-)
cheers,
Ares
הערה
![[WSB] How To Trade The Actual GME Short-Squeeze #2](https://s3.tradingview.com/w/wzdAwlYr_mid.png)
הערה
![[WSB] How to trade the GameStop Short Squeeze!](https://s3.tradingview.com/z/Zd8yDVWi_mid.png)
הערה
The price approached the support
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