🤦🧪📉 Example JSW Steel - Selling on Strength Helps
Updated
JSWSTEEL An Introduction to Price Action Trading Strategies helps for long-term investing as well. Here in this example of JSW steel,where would be better off selling in price action strength when stock price jump usually at a higher level
The first thing I do is look at the chart and see if it has any apparent patterns. If not, then I will look at the volume profile.
This tells me whether the stock is driven by fundamental news or technical factors.
Exiting would have saved you 17 months of underperformance and also testing your patience.
Learn the Opportunity cost your money
disc: Never invested , no intention at the moment. Sharing knowledge that
Note
Consolidated for a long time - time correction is also important. tracking still
disc: no investment
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Keep a close watch , JP Morgan report today - JSW Steel is leader in same disc: no investment as yet
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