CROX : Booked a profit of about 20.51% on the invested capitalAs soon as the price reached key inflection levels within an ascending formation, I made the decision to book profits and secure the capital. I managed to secure a profit of approximately 20.51% on the invested capital from this trade. Given the current over-valuation of the overall market from a technical standpoint, I anticipate a potential crash in the near future. Hence, I've chosen to adopt a more aggressive approach in booking profits.
I acknowledge that there is a potential for an upward move of around 27% from the levels at which I booked profits to the upper trend line of the channel. However, considering the overall market valuation, I've opted not to take that risk and instead remain conservative.
I will consider a re-entry if the price retraces back to the lower trendline of the channel at some point in the future.
If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
