Re-evaluate the situation...
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AMD and NVDA are the best companies in their class, however, the stock prices do not necessarily always represent the fundamentals!
George Soros beautifully said:
The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
Another good piece of advice from Bill Williams:
Go with the flow,
Ride the tide, and
Bend with the trend.
Some novice traders believe prices could go to infinity, they call it "Moon"!
They never listen to the contrary views, and hardly reevaluate their primary positions!
The most successful trading in history, Jim Simons said:
We make our forecast. Then, shortly thereafter, we re-evaluate the situation and revise our forecast and our portfolio. We do this all day long. We're always in and out and out and in. So we're dependent on activity to make money."
Having mentioned the above points, You need a primary plan to enter the trade and tools to reevaluate the primary plan!
Stop loss and Trailing Stop Loss is the most important tools that protect you from your mistakes but without attention to position size, they will be less effective!
Let's get back to AMD and NVDA:
The increase in price volume is too much to ignore after a sharp rally of +125% and 157% in the past year!
Reading my previous posts will give you all the information you need:
AMD:
NVDA:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
George Soros beautifully said:
The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
Another good piece of advice from Bill Williams:
Go with the flow,
Ride the tide, and
Bend with the trend.
Some novice traders believe prices could go to infinity, they call it "Moon"!
They never listen to the contrary views, and hardly reevaluate their primary positions!
The most successful trading in history, Jim Simons said:
We make our forecast. Then, shortly thereafter, we re-evaluate the situation and revise our forecast and our portfolio. We do this all day long. We're always in and out and out and in. So we're dependent on activity to make money."
Having mentioned the above points, You need a primary plan to enter the trade and tools to reevaluate the primary plan!
Stop loss and Trailing Stop Loss is the most important tools that protect you from your mistakes but without attention to position size, they will be less effective!
Let's get back to AMD and NVDA:
The increase in price volume is too much to ignore after a sharp rally of +125% and 157% in the past year!
Reading my previous posts will give you all the information you need:
AMD:
NVDA:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Nota
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