Please critique my first trade idea

Discussion in 'Stocks' started by lentus, Jun 23, 2019.

  1. lentus

    lentus

    VFF stopped out by a hair. Fuck. JMIA close to target.

    upload_2019-8-27_10-25-54.png
     
    #31     Aug 27, 2019
  2. lentus

    lentus

    JMIA target hit.
     
    #32     Sep 4, 2019
    NQurious and LS1Z28 like this.
  3. NQurious

    NQurious

    Nicely done!
     
    #33     Sep 6, 2019
    Nobert likes this.
  4. %%
    Don't have to have 52 weeks/1 year. 1o years is even better...………………………………………………………..
     
    #34     Sep 8, 2019
    Nobert likes this.
  5. there is exhaustion in the 28-28.5 area, the buyers are trying to push over it but the volume is not high enough, on the other end of the channel 18-18.3 is a good support, not a lot of sellers that trying to break it. I guess the resistance will break and the price will pop up. Bookmap can help you see graphically when the sellers could not absorb anymore the buyers.
     
    #35     Sep 15, 2019
  6. lentus

    lentus

    What is bookmap?
     
    #36     Sep 15, 2019
  7. monet

    monet

    It's the product cornerstone promotes :D

    (45 mentions in 83 posts)
     
    Last edited: Sep 15, 2019
    #37     Sep 15, 2019
  8. monet

    monet

    What happened to your high IQ?
     
    #38     Sep 15, 2019
    themickey likes this.
  9. Bookmap is a software that present that the chart in a heatmap form. It shows market liqudity and where the big buyers and sellers are which helps identify big support and resistance areas and where can be a change in trends or reversals. It has iceberg orders feature that shows where there are hidden orders. Important thing in Bookmap is that it display all the historical activity so you can see which prices the big players trade before. It gives me good convictions to my trades.
     
    #39     Sep 22, 2019
  10. It's logical that I'll talk about tools I'm using with. A good trader need to focus on few things that works for him and not to get lost with all the options there are in the trading business.
     
    #40     Sep 22, 2019