The trader is one of the hardest jobs in the world, whoever does it professionally knows what I’m talking about.
So when you have the ability to take a double bottom just a few cents from the low of the day it is very rewarding.
I had long ago decided to invest in Activision, the most profitable company in the field of video games, with always encouraging budgets and a very rosy future, with the announcement of Diablo 4 coming in 2022 (end of the nerd moment).
On one of the darkest days for cryptocurrencies, with Bitcoin losing 13%, Ethereum a 12%, not to mention the altcoins that even reach -25%, pulverizing the gains of the month of August, which had been very positive, the S & P500 makes a ridiculous correction, while the Nasdaq is about to close even positively, Activision-Blizzard gives me the pull-back I wanted and, thanks also to the execution speed of Interactive Brokers (always and in any case the best broker in the world as far as I’m concerned ), my $ 78 limit order was filled. (you can find the screen of operation)
Should the price reverse and start an upward trend, the targets are as follows:
– 91.79 (POC of the accumulation area)
If instead, the downtrend should go on, the levels of accumulation (or entry) in my opinion are:
– 71.37 (the most important)
I will accumulate to that level, with a long-time perspective.
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.