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Boeing Update | Key Area | Opportunity to Take Profits | NEUTRALI first featured Boeing ($BA) back on May 27th, 2022 as a LONG / buy and hold. Since that call, the trade is up 40%+. Boeing is also at a key area and looks as though it will pull back. Yes it could break out (buy and hold). I personally think Boeing will fail here, how deep - I don't know (we never know), offering a great opportunity to take some profit after a 40% move. For now, I am shifting my outlook from LONG to NEUTRAL for now. Good hunting! 🤑 God Bless!
NYSE:BA
by ChiefMacro
HOW TO MANAGE YOUR EMOTIONSHello everyone! One of the most important , and in the same time, one of the hardest aspects of trading is the ability to manage correctly your emotions and leave them aside while trading. So how can we manage our emotions in stressful situations? Here are some tips that every trader should consider when starting trading: 1. DO NOT ACT ON ANGER: every time you feel strong emotions, hold back and revisit your trading plan, is your move aligned with your initial plan or are you acting on irrational emotions? One of the worst things is to take a position based on anger after a loss in order to recover the losses. Take a deep breath and rethink your decision! 2. DO NOT FALL IN LOVE WITH YOUR POSITIONS: we all want to always be right, but sometimes we have to accept a bad position and close it. It is common to fall in love with our positions and hold it out of hope that the market will switch, but involving emotions just blow the account, stick to your plan! 3. ESTABLISH SOME TRADING RULES AND KEEP A TRADING JOURNAL: setting your own rules of trading and risk management is crucial for a profitable account. No matter what you hear from others and how good a position may look, if it is not aligned with your rules, do not take it! Moreover, do not change a strategy after some losses, stick to what you have learnt and planned, keep the information in a trading journal and plan your next moves based on you learnt from it. 4. TAKE A BREAK AFTER 3 LOSSES IN A ROW: it is natural to have a bad day, but when this happen do not become over emotional and over trade, but rather take a break and wait for a new and fresh trading day. Strong emotions will ruin any important decision, no matter the context, so try to avoid them. 5. SET TP AND SL AND TRUST YOUR JUDGEMENT: after establishing your trading plan and risk management plan, in order to stick to your risk to reward strategy, you have to use Take Profit and Stop Loss orders, and trust your judgment and the market. No matter what happens, this helps you have a clear forecast of your account, without blowing it. Also, avoid getting greedy and secure your profits with take profit order. 6. LOWER THE TRADE SIZE: if you feel overwhelmed by the risk on each trade, and out of fear you make irrational decisions, try to lower the trade size to what feels comfortable with you. After doing this, always update your trading strategy! 7. DO NOT GIVE UP! : there is a point when every trader feels like giving up, losing all his faith, but you should understand that this is the normal journey, with ups and downs, and if you do not let yourself intimidated by the downs, the ups are limitless!
OANDA:XAUUSDEducation
by m_maia14
2
COST, Another clean short set up !COST is offering another clean short set up. After proposing a beautiful and profitable Quasimodo pattern , COST reached to our first proposed take profit target ( See Related idea for details). After hitting our target , COST started a rally which is beautifully an abc form of counter trend correction . This abc form counter trend correction hit 0.618 retracement level of previous decline . Mentioned previous decline which was our short position is beautifully 12345 leg down therefore in terms of Elliott waves, every thing is it's right place to go short. Moreover, stochastic indicator is in overbought zone in daily time frame which may be a good signal for possible trend reversal. Please note two cluster of Fibonacci levels can be seen on the chart. COST has reacted well to first cluster which also nicely coincides with down trend line shown on the chart. This down trend line is a valid one since it has 3 rejection in it's history and yesterday hit might be the 4th rejection. Trade set up and information were also added to the chart. Please note that besides all these bearish evidences , our proposed set up may not go well therefore I kindly ask you to set stop loss carefully . As explained on the chart, if you can tolerate more risk it may be a good idea to set stop loss higher at 565 USD. Our take profit targets show our Reward to Risk Ratio is extremely high so I think it is good to take the risk. Good luck and wish you continuous profit.
NASDAQ:COSTShort
by SaeedSajedi
5
NVDA, What is most likely future path ?Mighty NVDA reacted strongly to our first proposed support and first large down going wave might have been completed. As shown on the chart , Major down going wave from ATH to last major low can be labeled as 5 leg down 12345 with wave 4 as inverted flat ( See related idea for details). Confirmation for completion of wave A is a trade above labeled wave 4 high and in this case we are now in wave B which is a great profitable counter trend correction to the major decline from ATH. If true , What are major resistances on the NVDA's road map? I showed less strong static resistances with orange while more strong ones were shown by red. Red static resistances coincide with 0.382 and 0.5 retracement levels of major decline from ATH . This makes these resistances important and noticeable. Moreover, 50 and 100 weeks moving averages coincide with 0.382 retracement level which makes this resistance even stronger therefore and for now, we should consider 195 to 208 USD resistance zone as a really important strong resistance area. Please note counter trend corrections normally have 3 legs and NVDA is still in first leg which shows NVDA still has much room to go up if we are truly in wave B. It is wise to keep in mind that before taking wave 4 out, there is chance for this rally to be just counter trend correction of what has been labeled as wave 5. while we are very close to NVDA's earning report, stochastic indicator is in overbought zone and please note time frame of chart is weekly therefore upcoming ER has very strong impact on future path of the stock. In this proposed scenario, entire correction of NVDA will end around 70 USD after completion of 2nd large down going wave which has been shown as possible wave C with dashed arrow on the chart. Although I showed this possibility on the chart, it is too soon to talk about it especially in detail. If necessary, we will come back and make our updates in appropriate time . Please do not hesitate to ask questions . Wish you success and profits.
NASDAQ:NVDA
by SaeedSajedi
9
Market is GREAT- (if you are used to Taking Profits)Lat year I was Top Author on Cardano from 20 cents to 3$... I am actually going back to Cardano as you will see in my next post. Since June I had been posting about MATIC (first posts was on June 22). Matic from 34cents to a target hit at 1,27$. Almost 4 times the investment, so i guess it was a great trade. Can we buy again? Well yes it's on support but again: wait for the Cardano post coming up. Market will go up and down, FTMs and Lunas will arise , Don Kwons and Sam Bankmans will rise and fall but at the end of the day we are traders so: - Fundamental analysis will help us identify the 'good ones' to buy - Fundamental analysis will help us find the 'bad ones' to avoid (or short) - Technical analysis will give us entry levels to enter - Then it's a matter of taking profit on Time (best habit in this market) Market is cycles... get used to it, market is just GREAT! One Love, the FXPROFESSOR ps. new market cycle is on. For me is Cardano time now, wait for the chart
MLong
by FX_Professor
4
💲Amount of Return Necessary to Restore to Original Equity Value💲In today's educational post, I would like to share with you a post on: Amount of Return Necessary to Restore to Original Equity Value 10% - 11.1% 20% - 25% 30% - 42.85% 40% - 66.66% 50% - 100% 60% - 150% 70% - 233% 80% - 400% 90% - 900% 100% - ☠️ 💲Remember, never risk more than 0.5%-2% of your capital on one positions 💲Never lose money you can't lose 💲Take care of yourself and your capital <3
INDEX:BTCUSDEducation
by InvestMate
5
COST, Bearish Quasimodo pattern is beautifully forming !COST is showing nicely a very popular price action Quasimodo pattern . Quasimodo pattern is also called Over-Under pattern. It is simply formed by series of Highs and lows as shown on the chart. Sell zone (568-571 USD) was shown on the chart for COST. In addition to strong static resistance of pattern we also have 0.786 Retracement level of the last major decline in this zone. Moreover, Pull back to broken up trend line might be completed at mentioned Sell zone. It is also worth to note, All indicators will be extremely overbought if COST can reach to shown sell zone. As Quasimodo pattern has been proved to be of high probability success , we certainly keep COST in our short watch list but do not jump into trade blindly. As always we need a reversal trigger at sell zone to open our position . Take profit targets are also shown on the chart by green lines. The reference of the inserted picture was shown on the chart . You can find many other pics and examples simply by googling " Quasimodo pattern ". Good luck everybody.
NASDAQ:COST
by SaeedSajedi
27