MARA TAKING A HIGH RISK TRADE
The Company: Marathon Patent Group focuses on mining digital assets. It owns cryptocurrency mining machines and a data center to mine digital assets. The company operates in the digital currency blockchain segment and its cryptocurrency machines are located in Canada.
I'm taking a high risk trade here so I limited the position size to 1/3 of my normal position size for a stock. Mara has the potential to consolidate due to company raising capital by share offering.
I missed the last cryto rally and felt locked out but I believe that there is still room for growth here.
This is just what I am doing and is not investment advice.
I'm taking a high risk trade here so I limited the position size to 1/3 of my normal position size for a stock. Mara has the potential to consolidate due to company raising capital by share offering.
I missed the last cryto rally and felt locked out but I believe that there is still room for growth here.
This is just what I am doing and is not investment advice.
Commento:
correction: entered 1/2 position size; Sold half of position 1-11-2021 due to market uncertainty and many stocks extended above the 10 ema; added 1/4 back. Looks like it could be building a new base.
Commento:
Stopped out on 1/20 for a 32% gain. Will be looking for re-entry.