$ZM - Important note -
Added 2023-05-26 19:30:42 +0000 UTCI know how difficult it is to keep to a plan. When this was climbing leading up to their earnings, I think everyone would agree that they would have jumped at the opportunity to buy this again if it went down to our blue line support or even in the buy zone......then that happened and held the 0.88 Fib and very little added and now it has jumped 10% again.
It is not always easy to buy on red days or after a decline but trust the process and the charts, a stop loss here at $59 would have protected you.
The main lesson to take from this as $NIO falls back into the the buy zone, is that we will see people doubting our buy zone here too, people will think it will go down further to maybe $4....and continue to wait, this is when people get caught out and miss great opportunities.
In the buy zone, it is about managing your average, pick a price in the middle of the buy zone and buy either side of this target, do not buy in large bulks.
Remember, we can find opportunities every day, the market has always been like this, there is no such thing as missing an opportunity, you simply move on to the next one.
