SOLO - Canadian ev - cup and handle in the making

Nov 13, 2020

It looks like SOLO, a Canadian ev company, is a cup and handle in the making. Do your own due diligence, your risk is 100% your responsibility. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading 101*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets

7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
tradingview.com/u/growerik/

Nov 13, 2020

Trade active

I liquidated my 10/20 calls at 10am today because they gained a tremendous amount of value over the course of this week. Then, now at 12:30pm I re-entered this trade with a different strategy buying calendar spread strangles, meaning I got insurance on the puts side 11/20 expiry and calls on the long side 12/18 expiry. Good luck...

Nov 13, 2020

Note

Wow! What a parabolic day! SOLO closed the day with a perfectly formed bull pennant. So you know what that most likely means for Monday’s open. Good luck!

Nov 15, 2020

Note

This week ending 11/20 is monthly options expiry & Q3 earnings completion, so more likely than not, expect some big moves.