@daytradingzoo In my opinion, you should look at it from a probability perspective, let's say you can hold longer and get a bigger gain but you forget that it affects your system winning %, return & volatility e.g. do you want a 68% win rate with 2:1 R:R or a 86% win rate with 1:1 R:R
$PHVS I think this is a long, lots of cash in the bank, and the market cap is below their cash. good study result that brings it back to August 2022.
almost 80% of the float is owned by insiders & institutions - a combination for squeeze if you don't respect the trend
$BYSI scammy action, the company only has around $7M in cash and prime for an offering
also, it's a Chinese company with a lack of transparency. don't get dumped on
$SMMT almost 90% of the float is held by insiders & institutions, if you short something like this and it is not breaking down, a short squeeze is imminent.
$PHVS this thing is a monster, I sold too soon as always but that's ok, this is the type of action that we momentum traders crave for. ask for it and you shall receive it! π