stock open gap up above its major support on daily time frame.Retailers are made to believe that stock will now blast to moon.
Stock started to move higher because of impatient retailers. Some of the robinhoods also did YOLOS.
After just a small move (caused by retailers) stock started to move down broke day low and hit stop losses of 2%,3% stop-loss retailers.
Retailers bargains in real world market but never bargains in stock market.Smart money always look for bargains price. No bargains no deal.
Stock market is not a place of charity never jump to trade impateiently .Always asks for a bargains.No bargain no trade. There plenty of other opportunities in the market.
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Standard disclaimer
I’m not a SEBI registered advisor. I’m also a market learner like everybody else. The analysis given below is based on my own market experience in last few years. I also advise before taking a trade please carry out your own analysis and trade based on your own risk appetite. Trading is all about probabilities and I can be wrong at any time.
I prefer swing trading over intraday trading so most of my analysis is about swing trading only (higher timeframes).
I request you to follow me on my profile to keep me motivated and to post further high momentum swing trading opportunities in the market.
As a rule of thumb never trade more than 10% capital of your account on a single trade and do not risk more than 2% per trade. This can help you to stay longer in the market. The longer you stay in the market more the chances of making profits.
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