Posted by anjali25 on 15th of Feb 2024 at 08:15 pm
Steve - could you please share your thoughts on Bitcoin and MARA
and what you see happening going forward- taken some profits but
trying to decide forward ….
from a wave structure on MARA looked like a wave 4 - but also
like falling wedge on 60 min …meaning it should bounce so,e
tomorrow
I gave you my thoughts yesterday and today played out as I
expected, I personally view MARA as a great trading vehicle and
when targets achieved SELL. Hell, if you love the stock you could
have sold and could have buyback $3-4 lower following my advice.
Today's gap was a gift exit...just study the chart and what I
discussed yesterday. LASTLY, there is NO RULE that there must
be five waves and 4th waves are a bitch to trade anyway. I
will pose one question to you, is MARA the best risk reward for you
currently? If yes, then keep and follow your plan. If no, relocate
funds elsewhere. You can lock down some and keep a runner as
one option.
Posted by anjali25 on 20th of Feb 2024 at 01:19 pm
Thanks for your comments - I took some profits that day and some
at the low today … 22.95 but still had a good 10K in profits from
my purchase on STS buy …
I lost about $5k today but that’s fine … I have made way more
on this trade than I have on any other in my trading career so far
..
Should I have sold earlier - yes on your black candle remark
in hindsight but now I know to pay attention to black candles
..
Thanks to you and Matt for teaching - now being profitable for
the first time in 2023 in my trading hobby since 2009 - wish I had
found you guys earlier !!
anjali25regarding MARA, depends on your strategy and risk
tolerance, from the 14.62 low I can count 3 waves, price
pulling back here from that supply zone
Steve - could you please
Posted by anjali25 on 15th of Feb 2024 at 08:15 pm
Steve - could you please share your thoughts on Bitcoin and MARA and what you see happening going forward- taken some profits but trying to decide forward ….
from a wave structure on MARA looked like a wave 4 - but also like falling wedge on 60 min …meaning it should bounce so,e tomorrow
I gave you my thoughts
Posted by steve on 15th of Feb 2024 at 09:49 pm
I gave you my thoughts yesterday and today played out as I expected, I personally view MARA as a great trading vehicle and when targets achieved SELL. Hell, if you love the stock you could have sold and could have buyback $3-4 lower following my advice. Today's gap was a gift exit...just study the chart and what I discussed yesterday. LASTLY, there is NO RULE that there must be five waves and 4th waves are a bitch to trade anyway. I will pose one question to you, is MARA the best risk reward for you currently? If yes, then keep and follow your plan. If no, relocate funds elsewhere. You can lock down some and keep a runner as one option.
MARA
Posted by steve on 20th of Feb 2024 at 12:18 pm
Now down $7 from these comments
Thanks for your comments -
Posted by anjali25 on 20th of Feb 2024 at 01:19 pm
Thanks for your comments - I took some profits that day and some at the low today … 22.95 but still had a good 10K in profits from my purchase on STS buy …
I lost about $5k today but that’s fine … I have made way more on this trade than I have on any other in my trading career so far ..
Should I have sold earlier - yes on your black candle remark in hindsight but now I know to pay attention to black candles ..
Thanks to you and Matt for teaching - now being profitable for the first time in 2023 in my trading hobby since 2009 - wish I had found you guys earlier !!
yw
Posted by steve on 20th of Feb 2024 at 01:21 pm
yw
anjali25regarding MARA, depends on your
Posted by matt on 15th of Feb 2024 at 09:33 pm
anjali25regarding MARA, depends on your strategy and risk tolerance, from the 14.62 low I can count 3 waves, price pulling back here from that supply zone
you can also choose to use the KISS system stops
https://breakpointtrades.com/sts_table/?search=mara