Usually, it’s not worth buying when we see failed breakouts. I haven’t seen this happen until now. Yes, long-term I agree …these are bad companies, and most of them will eventually go to zero. But until then, we can ride the momentum and make some money.
As always, be cautious. Don’t risk too much, especially during this period when volatility has increased.
Thank you for sharing!
When I ran the Screener based on the strategy metrics,it gave me a different list. Are some of the stocks on your list from previous weeks still?
I usually add 3-5 extra tickers that I find interesting to keep an eye on them.
Thanks Vlad ! With Quantum stocks in bubble like rise recently, do you think it is still worth risk to go long side for short term?
Usually, it’s not worth buying when we see failed breakouts. I haven’t seen this happen until now. Yes, long-term I agree …these are bad companies, and most of them will eventually go to zero. But until then, we can ride the momentum and make some money.
As always, be cautious. Don’t risk too much, especially during this period when volatility has increased.
Thanks Vlad!