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Day traders' after-market lounge May 4, page-24

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Beno77

5,421 Posts.

665

04/05/21

20:29

Post #: 52936610
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Originally posted by Patterns: ↑

VAL is one I looked at this morning but did not buy because they are above the weekly chart 200sma. You did not say how much the parcel you bought was worth but if your capital is $50,000 or less there is much to be said for keeping trades at $500 until you build the account up to 50000 dollars. At that point it is acceptable to increase trades to $1000.
The most successful pattern in the world is the rounded bottom breakout where a trade is taken when the price goes above the weekly 50sma and as soon as you buy put a sell order in at the price of the 200sma here is the chart of the ones I bought this morning.
GES 1.4 weekly chart

FGO 0.6 weekly chart

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GES jumped on my radar yesterday. Something going on there.
Just be careful of there low cash and potential for cash raise.
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