TKAT stock has soared 1000% within 5 trading days as the NFT concept keeps on rock & rolling.
My view on this kind of rally that based on hot topic is:
"Try my best to get on the train!"
Indeed, it would fluctuate a lot that stops so many intra-day trades out.
while this is exactly what we traders are looking for---momentum!
With abundant momentum, I'll be willing to look for trading opportunities with tiny risk to get involved in the long position.
Of course, a solid trade setup is always crucial.
Even if I don't really find a nice trade to take,
focusing on this name could also be a way to know how the market sentiment on NFT is.
Let's see how it goes yo!
My view on this kind of rally that based on hot topic is:
"Try my best to get on the train!"
Indeed, it would fluctuate a lot that stops so many intra-day trades out.
while this is exactly what we traders are looking for---momentum!
With abundant momentum, I'll be willing to look for trading opportunities with tiny risk to get involved in the long position.
Of course, a solid trade setup is always crucial.
Even if I don't really find a nice trade to take,
focusing on this name could also be a way to know how the market sentiment on NFT is.
Let's see how it goes yo!
Bang!!!