For those educators who have to upload their videos to their students so that they can catch up with the syllabus at home are likely to be using Zoom software.
Thus, this stock has become the darling of the Covid-19 thus far, registering a return of 135% from the 1st buying zone.
You can see from chart that there are basically 3 available buy zones which allows you to average up. At current price, it would be too high to catch it and hope it can goes higher. The risk is too high for the reward.
So, the fear of missing out may be present in some traders' mindset and having seen their paper losses widen day after day, they are willing to cling on any stocks that offers them a glimpse of hope. If you zoom in closely on the price action and use some common sense, you would realise what I said ain't rocket science.
That is why I have been saying, mastery of own emotions in trading is tougher than learning to draw lines on chart. Remember, other parts of your life that is affected can also affect the mood in your trading. For example, a quarrel with your spouse/girlfriend may lead you to take on additional risk in order to vent out the frustration. The mind is filled with anger and unhappiness and that will cloud your judgement.
On days like this (hopefully you reduce it to the minimum), avoid trading and don't worry that you will miss out a lot of actions in the market. The market goes on just fine with or without your/our participation. Consider taking a day off from trading, recharge and refresh yourself and you may bring fresh perspective to your next trade.
Thus, this stock has become the darling of the Covid-19 thus far, registering a return of 135% from the 1st buying zone.
You can see from chart that there are basically 3 available buy zones which allows you to average up. At current price, it would be too high to catch it and hope it can goes higher. The risk is too high for the reward.
So, the fear of missing out may be present in some traders' mindset and having seen their paper losses widen day after day, they are willing to cling on any stocks that offers them a glimpse of hope. If you zoom in closely on the price action and use some common sense, you would realise what I said ain't rocket science.
That is why I have been saying, mastery of own emotions in trading is tougher than learning to draw lines on chart. Remember, other parts of your life that is affected can also affect the mood in your trading. For example, a quarrel with your spouse/girlfriend may lead you to take on additional risk in order to vent out the frustration. The mind is filled with anger and unhappiness and that will cloud your judgement.
On days like this (hopefully you reduce it to the minimum), avoid trading and don't worry that you will miss out a lot of actions in the market. The market goes on just fine with or without your/our participation. Consider taking a day off from trading, recharge and refresh yourself and you may bring fresh perspective to your next trade.
Note
can it still goes up ?sure, in most cases, it will either linger around 135 to 160 range for a while before deciding to go higher or lower.Note
with a little patience, we can get to buy this stock at a lower price , in this case, the 3rd support zone. Go to the smaller time frame to plan your entry.Note
WARNING - do not buy now if you have not . wait for the pull back first.Note
Praise Lord. This is one of our best investment to date. For now, wait for the gap at 325 to be closed first, then assess the price action (bullish candle present) then add more.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.