Big moves on RIDE this week

18 Nov 2020

RIDE has made some big moves this week, it's up 57% from it's close on Friday. My target is $31 by 11/27. Lordstown is going into production of it's electric pickup truck. They said deliveries of the Endurance pickup truck are expected to begin in September next year. They also have plans of doubling their employees to 500 by the end of this year, followed by 1,500 people by the end of 2021. Do your own due diligence, your risk is 100% your responsibility. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading 101*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets

7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
tradingview.com/u/growerik/

18 Nov 2020

Catatan

20 Nov 2020

Catatan

Looks like a ton of 11/20 monthly options expiry were liquidated Wed afternoon & Thursday.