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Profitbooking

The ART of profit booking I am posting a chart for educational purpose using S&p 500 index with heikinAshi candle and elliott waves trading is an art of buying at low and selling at high, looks easy to do? if so why more people loosing and big players minting money? trading is a money making process when the crowd has extreme interest in one direction(buy /sell). when everyone in the street is buying, it is the RIGHT time to sell. The ART of profit booking without harming buyers(they don't know what's happening) is described in the chart. Because if they knew in advance then to whom the seller has to sell? Actually speaking the BULLS AT THE BEGINING OF THE TREND NOW BECOME BEARS! SELVAM BE, MBA option trader
SP:SPXEducation
by selvamB
1
Nifty Prediction for 2nd Sep.. Profit booking?Today on 1st Sep Nifty GAVE RED CANDLE after long time. Normally When This Happens Profit Booking will happen for 300-350 Points Already 150 Retracement Happened. For Tomorrow Expiry 1.Flat opening - A.If it gets REJECTED then PE B.If it slowly moves up to 17145 gets REJECTION then PE CE will be above 17145 if it sustains there for almost 20-25 min for 17200 only Trail stoploss if necessary 2. Gapup opening 17145 will be make or break level 3. Gapdown Opening- Selling can come immedietely or after some time ... If it crosses below 16980 then Further selling can come Thank You P.S. Stop loss can Save You
NSE:NIFTYShort
by silenttrading
7
We had a great week here! Time to rest. 😴Yes, after almost 10% gains this week, I’m completely out of NIO. Why did I sell it? It triggered my stop-gain at 38.40, which we talked about in my last analysis. Now I wish GL to who’s still here, but I’ll just wait for another chance to trade it. The 38.19 is a bearish pivot point, and if NIO breaks it, perhaps we’ll see a pullback! This pivot could be a short opportunity as well, target around 35.77, but we must be careful, because the trend is still bullish. Since I’m out of NIO, I’ll just look for another trade now. Next week we’ll decide what to do. I’ll keep you guys informed. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
4
Re-setting the stop gain! Next week looks promising!Ok, traders! Tesla might do a double top here! If next week it breaks the 635, it might keep pushing up, but I’m not sure if this will happen. We have a small RSI divergence, but the 20ma is holding the price. Still, it is important to be careful here. You guys know that I booked about 90% of my trade, which I bought at 596, and I’m still holding some shares. Today I decided to move my trailing stop-gain to the 622. If Tesla breaks this point, it’ll trigger the double top, and it might drop to the next support. If Tesla triggers the double top the next target is the 596, and this would be a short opportunity! We’ll have our answer next week. I’ll keep you guys updated. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:TSLA
by UnknownUnicorn21312077
4
We had a great week here too! GL for who's still in PLTR! 😁And we finish this week with 16% gains on PLTR! Not bad for a week! Now I sold it at the 24 area, as we already have been planning since last week. Why did I sell it? First, it hit the target, the previous resistance. Second, the RSI was too overbought in the first 30min candle, around 90. Third, it hit the target by doing a huge candlestick, and usually this means we have an exhaustion bar. We see better the resistance at 24 in the 4h chart. And the RSI was pretty overbought as well. Now, PLTR left some huge wicks above the last candles bodies. All of this triggered a warning sign on my head to book profits. We’ll see what to do next week. I don’t see a short opportunity, but if it drops to the 21.93 or 20ma and does anything good, we might buy it again. Anyway, I'll keep updating you about my insights on PLTR. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
P
by UnknownUnicorn21312077
15
A virtually perfect trade. GL to those who are still in!Ok guys, our trade on TSLA was virtually perfect (technically speaking). You'll find the links to our last 2 analysis, when I pointed the trigger point (Friday) and the analysis we studied on Monday, if you need more details. But I'll summarize for you. First, Tesla broke the 592, the trigger point, and we had the confirmation of an advanced breakout on the RSI as well. Tesla did trigger the trade, and it did the pullback to the 596 as we also discussed in our last analysis, giving another chance for the late traders to buy Tesla. Today, it hit the target we mentioned on Friday, the 626. Tesla has more upside in the 4h chart, as it is not overbought at all, but since it just hit our target, I think it is time to book profits. It was a perfect trade, and I'll just wait for another opportunity. Also, we have a divergence on the RSI in the 30min chart, so, I don't want to take any chances here anymore. I'll hold a just a small position here, and quit most of it. I'll keep you guys updated about Tesla. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:TSLA
by UnknownUnicorn21312077
30
TY NIO! Let's start to book profits.Ok, NIO is very close to our first target, but is it worth to hold it longer? There are some strategies we can use. First, since we do have a RSI divergence in the 30min chart, and NIO looks overbought, we could just book profits and call it a day. But, I believe if we book profits partially is a better strategy, because despite the possible correction ahead, NIO still looks good. It is time to book something around 25 - 50% of our trade. We have a good and steady bull trend in the 4h chart, and the RSI is not that overbought yet. This tells us that we do have more upside ahead, and NIO could break the 61.8% retracement in this case. I see now as a good time to avaliate our strategy, and act according to the next movements. But I'm still optimistic with NIO, and if it drops, it wil be another chance for us to buy more. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
2
Beware from whale trap. Don’t think btc to $100k and moon.As you can see price is increasing but volume is surprisingly decreasing everyday. Huge accumulation is going on and i can smell mini dump before halving. now it’s 13% up from yesterday, sell 30% holdings and book profit. if my analysis is accurate as i have seen whale activities in past. After 10k big dump will be there and it will be great entry point. hold your cash tight. The strategy is simple keep booking small profits. if you think you’ve gained at least 1% knowledge the follow me for more ideas..thank you..
by Harshgp