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Tinkering : fakeout consolidation or another move up
Dan’l OP Tinkering : What you’re looking for here isn’t so much any upward movement, save for reaching resistance levels… you wanna find when it’s gonna go the other way.
You can see where it started coming back down from it’s high, and that’s where I’da closed my position (even though it could have broken up), because you can see the death cross, the drop in RSI,… but, after that knife starts? You know it’s gonna go down.
If you sell, regardless of cost, and buy back at the bottom as it finds support?
You own more shares than before, or you have money left over, or both ~;-)
Tinkering Dan’l OP : I got in at 3.30, I truly do not trust my skills to buy low and sell high
Dan’l OP Tinkering : You’re half way there, in that you sure picked an excellent time to buy.
You also have to consider the potential consequences financially (e.g., at least here in the US, gains and losses from long term capital investments get favorable income tax considerations).
There are many good courses you can go through on moomoo learning, which is one of my favorite things about them.
You can practice honing your skills on paper trading, buUut… it ain’t the same.
You could, instead, identify another good company that is still selling cheap, and then study how its price moves, and practice trading some amount, ‘til you’ve gained the experience that confidence requires.
Coach Donnie Dan’l OP : Indubitably Indeed