You’ve got the right idea but when it comes to taking targets and setting orders it’s most effective to use supply and demand zones to set your orders. My advice is figure out what indicator and system speaks to you and read as much as possible about charting and candlesticks.
I can't answer that. You need to have a plan before entering and know what timeline you're buying on. Is this a long term hold? Is this a short term trade?
DKNG calls for the win
Looking for a long term hold.
Then don’t get swayed by news reports that don’t change the fundamental thesis behind your investment. Typically you should only exit an investment when the fundamental narrative changes or the technicals deteriorate. Just be smart with your capital and understand your risk.
Increased traffic for all of its customers has been a nice catalyst to start this rally but Monday or yesterday (I don’t remember) we had that partnership between Shopify and Walmart which benefits fsly since shop is one of their bigger customers, and today we had an announcement on them acquiring a company that basically enables an emulation of how their software would run which should be used to acquire new customers. Lots of opportunity moving forward with CDN and edge computing. I’ve been fortunate enough to have had a core position in this one since the early 20s and taken profits/and added back along the way. Trading this one has been a mistake since I raised my average to 50 from all the entering and exiting I’ve done, but I honestly never expected this run up this quickly. Gonna hold long term and see how far it goes at this point. Prob put a stop in around 52 or 54 to lock in half in case of a market correction.
DKNG calls for the win
Shades of SUNE
No clue but to put things in perspective, IQ and GSX were both accused of fraud and have hit pieces against them and they still exist. LK traded for a few months after their hit piece.
