Trading Fam,
Though we are slowing the pace of trades in this volatile market climate, we are still able to capture wins on the best selected entries. OKLO was one of our few trades this last month. Imo, that’s okay. Not trading is also a risk. It is a risk because while that cash is sidelined, we may lose out on opportunities if/when the market takes off. But if done right, it is a way to preserve capital. These last few months, we have done well at both preserving capital while the market has faltered and dropped, and we have also had a few opportunities to capture a few profitable trades. OKLO is one of these trades.
Today I have decided to sell. A few reasons for this include the fact that we have hit that 100-day SMA, which intersected our VRVP PoC line exactly, making this a strong area of resistance and point of confluence. I also do not want to hold over another potentially volatile weekend flooded with uncertain geopolitical headlines and bullsh*t. I am happy to take my 27% profit on this entry today and run.
You can view the full details of this trade and all of my trades here:
✌️Stew