SIMO follow up

    Posted by matt on 25th of May 2023 at 12:55 pm

    SIMO - Chart Link- hit my target of declining 20 day MA, long I posted yesterday afternoon

    Update: SIMO follow up

    Posted by matt on 25th of May 2023 at 03:42 pm

    SIMO - Chart Link- ended up exceeding that 20 MA target earlier, pulled back off highs

    SIMO - Chart Link-

    Nice one!

    Posted by greggone on 25th of May 2023 at 01:08 pm

    Nice one!

    matt, it would be helpful

    Posted by imelhoe on 25th of May 2023 at 12:59 pm

    matt, it would be helpful if you could also post the various targets uyou want SIMO to reach , and not post after the fact. that would be helpful for us.  thanks!

    I did - said it

    Posted by matt on 25th of May 2023 at 01:02 pm

    I did - said it right in the commentary - here have a listen, I said clearing that resistance would give it a clear shot up to the declining 20 day MA, click on the audio for that specific chart

    https://breakpointtrades.com/watchlist/trade/?symbol=simo  

    also guys - declining major MA's like 20 and 50 day are always going to be sticking points

    imelhoe- you guys need to

    Posted by matt on 25th of May 2023 at 01:14 pm

    imelhoe- you guys need to listen to newsletters or the parts you are following - the target was mentioned ahead of time. 

    I didn't have it marked on the chart, and I try to do that when I can - but you have to realize it takes extra time, Steve and I already get burnt out doing this all day long.  Especially on newsletter days after we've spent all day trading, posting, then 2/3 hrs doing a newsletter and recording - we are burnt out ready to just be done. So on those days it's faster and easier for us to say things in the audio vs spending even an extra 20 min putting those on a charts when are ready to just be done and walk away from the computer a bit. 

    ask Steve -  after he gets done recording he will tell you that he needs a break and needs to get away from the computer-  even spending an extra 20 min on little stuff is hard to force ourselves to do.

    again I'll try to add more of those as chart annotations in the future - but always make sure to listen to the audio comments

    Yes 12 hour days are

    Posted by steve on 25th of May 2023 at 01:17 pm

    Yes 12 hour days are exhausting - I keep saying what matters is to devise a PLAN/APPROACH that suits YOU not worrying about others. 

    thanks, does that mean that

    Posted by imelhoe on 25th of May 2023 at 01:10 pm

    thanks, does that mean that was your ultimate target for simo and no higher?  Just trying to learn here on how you take profits.. if so, that s very short term trading. maybe not suitable for longer term swing option ITM option trades for higher price targets?

    remember you can listen to

    Posted by matt on 25th of May 2023 at 01:06 pm

    remember you can listen to specific audio for any trade idea from that trade ideas section (without having to pull up the entire newsletter) and type a symbol in there to search - that's been there for many many years

    https://breakpointtrades.com/watchlist/ 

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