This is a very common mistake when it comes to small caps.
Just remember that all these small cap names we trade are SHORT TERM trades.
Could last a day or a couple of hours or even minutes.
If you wanted to look at companies that are already making money, you can just go directly to $MSFT & $NVDA.
But because of how huge they are, you will not get the same % return as you would with stocks like $STI.
Fundamentals do not dictate price action in the short term. And that��s why day trading is about, short term price action.
The only thing that affects short term price action are;
1. Volume
2. Hype
3. Structure
That’s all you need to be efficient and effective. 💯
$SATL tras dejar muy fea vela la semana anterior el valor, junto al sector, se dispone a corregir.
Todo dentro de lo normal y lógico, pues una subida sin retrocesos es anormal.
A mi parecer al sector le queda mucha mecha, corregir antes de la salida de Space X me parece positivo, pues si quisiesen distribuir a saco aprovecharían la euforia.
Clave no perder los 8$.
$ASTC
Let's get a timeline update here;
> Yesterday, I gave you guys CLEAR guidance here with levels to look for at $7.00.
> Told you guys over $8.00 is where we defy all logic.
> Today, I told the team to accumulate all the dips and aim for $23-25.
> Price hit $26.00 highs this morning.
What a beautiful 270% move for us if you've been following my guidance. 🔥
Offering risk still stands but the beautiful thing about being early is you have the buffer to ride it out.
I got stops set at entry for rest now, aiming for $30-50 on my runners. 🚀