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Qullamaggie on The Only Technical Indicators You Need to Make Millions “It actually found support on the rising 50 day. Look at this thing; this thing always finds support on a 50 day. Right here. Just keeps riding, keeps surfing the 50 day. These are all the only technical...

37,903 görüntüleme • 6 ay önce •via X (Twitter)

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Q showing why you can't outsmart the 10MA. I just want to show you this one this is also the reason why you should use the 10-day moving average we bought this thing on stream this is a five-star setup memorize this, hot sector covid19 stock like a vaccine name right perfect five star setup has a big move pulls back finds support on the rising 20 day puts in like a tight range and then breaks out on high volume we bought it unfortunately I sold it way too early I sold it in the like high 70s or something I didn't wait for it first close below the 10 day because you know I was up what 70 percent in just a week or two. Sometimes holding a big winner is the hardest thing to do and look at this thing after I sold it the stock doubled the stock doubled I had a hard time holding a 60-70% winner and after I sold it it doubled that's why you use the 10MA, and you would still be in it because it hasn't closed below the 10 day yet this is what happens sometimes like I have way too many things on my charts I'm thinking about removing stuff I actually removed one moving average like the 65 ema on the daily chart I removed it because you know sometimes you look at too many things you kind of lose focus you cannot lose focus on the important stuff and in this case it was the first close below the 10-day which still hasn't happened and you don't need to do any predictions like oh I have a target for it, all you need to focus on: -You sell half or a third or two thirds or whatever whatever you feel like but I would say around half after the first three to five days -Move your stop to break even -Then you just trail on the 10-day moving average you don't need any predictions it doesn't matter what the Fed says, it doesn't matter what China does, it doesn't work no matter what trump says or does, you don't need to care about any of those things only thing you need to care about is the 10-day moving average that's it no rocket science involved.

Qullamaggie Wisdom

23,549 görüntüleme • 4 ay önce