It looks like 
GME is ready to break out from this range it was coiling in and massively rally towards $2360 per share by late August.
I'd give this a 65% probability of happening, vs risk of losing 30% if it fails to rally. That's a 33 to 1 reward to risk which makes the trade totally worth it.
Try not to risk over 5% in the position if you take it, in my case I'm buying 3.3% to risk 1% if wrong. That's enough for my risk appetite.
Cheers,
Ivan Labrie.
GME is ready to break out from this range it was coiling in and massively rally towards $2360 per share by late August.I'd give this a 65% probability of happening, vs risk of losing 30% if it fails to rally. That's a 33 to 1 reward to risk which makes the trade totally worth it.
Try not to risk over 5% in the position if you take it, in my case I'm buying 3.3% to risk 1% if wrong. That's enough for my risk appetite.
Cheers,
Ivan Labrie.
Trade closed manually
I'm skeptical of the meme stocks moving further here...I'm out personally.Focusing on other names for the time being. Was a decent gain quickly anyways.
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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.