Over-extended name👇
$Carvana (CVNA.US)$ $LendingTree (TREE.US)$ You don't need to buy at the lowest point, nor do you need to sell at the highest point. When momentum-type names are over-extended, it is necessary to sell a portion to protect your profits. Selling in strength is a must-learn lesson for traders.
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Ondo : When did Cvna start coming into your field of vision lol
sTone83 OP Ondo : Very early~
Ondo sTone83 OP : Tight interchange zone. How do you usually implement plans in this area? Please tell me
sTone83 OP Ondo : You can directly enter the opening of financial reports (the name with sufficient liquidity), and you can know whether you can continue to hold it on the same day; the next consolidation zone can be bought immediately as soon as it breaks through, and the trading volume is used to confirm its strength after closing. The method is very simple. Most of the time it is a trader's cognitive and psychological problem
Ondo sTone83 OP : Thanks for the pointers. I'm just afraid of heights; I've never been able to overcome this mentality haha. Look, there's FOMO on the back of the top bid, professional retail investors haha
Cherry Cat : Congrats![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
JohnCS sTone83 OP : How can I know if I can still hold it on the same day after jumping? Isn't it falling back? Or is it quantity?
After the intensive area breaks through, does it also depend on a large amount of effort to establish an upward trend?
sTone83 OP JohnCS : Yes
JohnCS sTone83 OP : thank you!!
mo0m0o :
