Made 23k in 3 days while sitting on the toilet and only spending 5 minutes looking at candlesticks.
On Monday within 30 minutes of the open NXPI broke above the 50 day moving average on volume. Volume was 1.8 times the 5 day average volume. My buying rule is a breakout must come with volume otherwise it is a false breakout. The weekly Bollinger Bands had been in a squeeze for 3 weeks. On Monday price broke above the upper band. Historical experience shows this kind of squeeze breakout often has follow through. So here is my plan.
Sell half first lock in 11k and turn it into cash sitting in the account like a boss.
Hold the other half and gamble on NXPI hitting 300.
If it goes to zero who cares. Half the profit is already taken. The rest is house money
Posted by Legitimate_Edge3812