10X MOMENTUM POT UPDATE

-

Important: this is not investment advice. Consult a licensed financial advisor before making any investment decision.

—

Hi everyone!

Quick weekly update on my momentum pot.

Last week the buy order for BLBD 0.00%↑ never triggered as the price never reached our target.

As described in my strategy pdf I use a “buy stop order” which triggers only if a specific price is reached.

Well, that price for BLBD 0.00%↑ was $20.27 which was not reached during the entire week. So we move on and wait for the next opportunity to arise.

Last week was the worst week for the market in 2023. The index closed below the 10-week moving average and is right above the 30 and 40 weeks moving averages. The best course is to wait to see if we bounce upward from here or if we break down.