SOLO has had a massive run, obviously.
Sadly I was in this trade and took my profits already before this happened.
I have concerns of making mistakes result of FOMO, as such, this is a day trade for me so long as I am constantly watching it.
Basically,
I am looking at entering the trade in big volume while monitoring for stop loss and setting a trailing profit order.
I would enter the following conditions are met on Monday:
- opens near close
- market conditions bullish
- SOLO conditions are bullish with apparent volume
- watch for indicators and monitor closely,
pick how much you are wiling to lose on this trade, and set your stop losses.
If hypothetically, I make exceptional gains on it, or the trade pays for it self, I would keep 25-50 % of my position as a swing.
5.98 may be an okay level of support? Who knows....
Sadly I was in this trade and took my profits already before this happened.
I have concerns of making mistakes result of FOMO, as such, this is a day trade for me so long as I am constantly watching it.
Basically,
I am looking at entering the trade in big volume while monitoring for stop loss and setting a trailing profit order.
I would enter the following conditions are met on Monday:
- opens near close
- market conditions bullish
- SOLO conditions are bullish with apparent volume
- watch for indicators and monitor closely,
pick how much you are wiling to lose on this trade, and set your stop losses.
If hypothetically, I make exceptional gains on it, or the trade pays for it self, I would keep 25-50 % of my position as a swing.
5.98 may be an okay level of support? Who knows....