"I still want shorts on Rivian ahead of 15, no questions asked". Also support at S2 being hit repeatedly, looked like it was about to break, TSLA down a lot on the day, Rivian yet to break, and one minute moving average crossing. It was almost a perfect setup!
He said that just after 10 am their time. He didn't mean any old time, any old where, south of 15, he meant from the level at 15. He would have done that every time it reached 15, which iirc was about 3.
At the point you entered, red oval, the price was clearly rising and likely to go up to about the level from the previous high, where the blue line happens to be.
Entry points come at reversals (usually), not part way up a rise. They come at breakouts or levels. Sometimes you miss it and have to join late I would agree, but Neal NEVER joins like that. If he sees something moving, he is, as kids say "like", "OK I'm going to trade it when it changes direction". Entry points are critical. Generally if you miss it, don't enter.
Shawn says he
only uses trends and levels. The other two are more often on about flat -bottomed breaks and the like.
Yesterday was failrly hard unless you went for Baba or Mara, Coin.
I don't want to tear your trades to bits, the bad ones usually look obviously terrible afterwards!
But you need "confluence". The 50 SMA on the daily can be good, the Anchored daily VWAP, (free for one chart on TV) but not always.
I don't have pivots, unless I load TV, but Cherif likes them. The algos obviously use all those.
That UK 100 I was in earlier:
I wrote that I'd closed the Long when it was getting up to the previous levels, about where the buy/sell lines are now.
There was a rising channel, see? I hadn't bothered to draw it. But you can see it is CONFLUENT with the level, when the price was in the circle so I went short, and set a TP at the bottom edge of the channel (pinky line). Then went long.
I didn't notice the TP being hit because I was typing, (so look here, you cost me money!!)
See??
The spread isn't ideal, and the whole lot only adds up to a third of a percent or something. £32.63.
I don't always get it right. I was in NVD3 this morning, no particular reason except Ithink it still has legs, but it fell a bit.
Reminder to self - Never buy a leveraged stock, unless you're watching it! You daren't set SLs because of wicks. Does your platform have ATR stops? (AVerage trading range)
Also, my platform has a new Tech CFD, so I though OK, I CBA to look it up but I'll buy ONE share (~£20) just to watch how it does.
After a short while, the answer is "Not Very Well". It's now worthless, and I've found it's a HK group of 7 people with their accounts in the Cayman Islands.
Mistake#3, not going long on 3x PLTR overnight - up 50%
is all you need.