This is NOT a wise trade! But I had to...

Traders,

Against my own advice, I purchased APE here. Sometimes, you just have to trust your gut. My gut tells me that APE is due for a pump soon. Look at that hidden bullish divergence on the RSI!

Position = APE
Direction = long
Entry = 1.89
Stop Loss = 1.573 or drop below RSI TL, last one wins
Take Profit(s) = 2.873
Risk/Reward = 3/1
Leverage = NONE
Profit Potential = 2x

Best,
Stew

Yorum:

Traders,

I thought it would be courteous to come back to TV and update each one of my trades as during the last flash crash I was simultaneously ban by TradingView for accidentally violating House Rules by inadvertently mentioning where you could keep up to date on all of my trades. I have to be more careful on this platform and will work my best to carefully avoid references in my posts and videos.

Anyways, it was definitely an inconvenient time to be banned as I had to leave all of my TV peeps hanging. Long story short: I was stopped out of most of my previous trades and ended up re-entering at a lower price. I expected a much bigger bounce from my trades as almost all of them were (and still are) in deeply oversold territory on the RSI. Nonetheless, I don't expect to exit again until we at least get a bit of a bounce and exit oversold territory on the RSI charts.

Below you will find my new entry price (where red turns green), my initial target and my initial stop limit. All of these are subject to change as time goes and I continue to re-assess price action.

This is not financial advice. Just showing you all what I am doing here.

Best,
Stew