How to know exactly where to book profit and be a safe trader?
Very simple and effective strategy, Get the average of last 90 days candles price range, means if on an average price is moving $5 per day in 90 days average means your today's profit Target should not be above $5 and should be in between this range and same for booking your loss. This is the safest strategy because price doesn't move 30% and 40% everyday that's a once in a while scenario.
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Dons hobby : Thanks Spartan I appreciate it.
Don
STOCKS SPARTAN OP user77248281 : surely I will try in coming days.
PandaMoo : If that strategy works, why you never even once trade with real money here, never even do a deposit?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
It is a wasting of time to be a paper trader only, bro! We gain or lose real money, just like a REAL SPARTAN!
While this strategy may works on some of your stocks, you can't apply it on $Tesla(TSLA.US)$ or others, like $Meta Platforms(FB.US)$, for example. It jumps and ducks more than that in the last 90 days.
STOCKS SPARTAN OP PandaMoo : because I am trading on WeBull, here just socializing and then will give this platform a try soon..
Milk The Cow : I see![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
for tesla. But if the vote for stock splits happens, it may even break ur 40%![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
easily. What's ur thoughts on that?
So ur suggested range is 30% to 40%?
Very interesting. I also see a strong resistance there
What's ur view on $AMC Entertainment (AMC.US)$ ?
If 40%, then u suggesting that AMC is about time to take profits?
Milk The Cow Milk The Cow : Also, I think $GameStop (GME.US)$ just hit ur 40%![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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STOCKS SPARTAN OP Milk The Cow : I have clearly said a safe bet and 40% is not everyday. if happens good but I play safe and consistent.
Milk The Cow STOCKS SPARTAN OP : how many % u gives the strategy success rate?
STOCKS SPARTAN OP : it works 90% of a time, yes these 30% and 40% are those 10% remaining
STOCKS SPARTAN OP Milk The Cow : see if you are not gaining big on those 30% and 40% rare occurrences ok but you are not losing anything as well.
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