Momentum not dead? 😅
As mentioned yesterday, for this challenge, my portfolio consists of $GameStop (GME.US)$ $Tesla (TSLA.US)$ $Alibaba (BABA.US)$
I personally feel that the stocks will continue to rise in the short term. Of course, with momentum trading, the most important thing to do is to protect your profits as much as possible. Depending on the direction, of which in this case its an uptrend for all 3 stocks (uptrend is essentially price making higher highs and higher lows), stops should be set slightly below the higher lows.
This protects profits and allows a slightly more passive approach to investing as you know that your investments are safe should you get stopped out, and in most cases you should get stopped out for some decent profit
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment