I’ve taken a small position in 
AI here as it seems to have put in a support level. In addition, the selling volume has declined quite a bit suggesting to me that sellers are pretty much done. If we have a pocket pivot in the next few days / weeks, I will bring it up to a full position size. I am using the support area as my stop guideline. If it fails, then it proves that was not a supported area. For my trading style I like the risk reward ratio here.
Thanks for looking. Ideas, not investment / trading advice.
AI here as it seems to have put in a support level. In addition, the selling volume has declined quite a bit suggesting to me that sellers are pretty much done. If we have a pocket pivot in the next few days / weeks, I will bring it up to a full position size. I am using the support area as my stop guideline. If it fails, then it proves that was not a supported area. For my trading style I like the risk reward ratio here. Thanks for looking. Ideas, not investment / trading advice.
Trade closed: stop reached
on 4/20 I closed this trade as it hit my stop which I had placed just under what I thought may have been support. I took $1.01 haircut. Even though it did not workout, I feel good about the trade as I followed my trading plan. Most important to me is to know your stop before you get in the trade; Than honor it. On to the next trade.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.