Important notice: During this market action please avoid loading multiple positions and having exposure into the weekend. We are heavily affected by the virus news, Central Bank interventions, economic slowdown and other macro factors that are not priced in the market momentum. Do not try to over-trade because nr. 1 rule is stay in the game. Consider having cash positions and trading specifically short-term setups on hourly and 30min charts. Stops at breakeven should be fast. Consider trades in the futures and the market itself as it has a smoother move.
The few ones that hold
$STNE – (StoneCo Ltd) is super strong vs the market that is feeling very weak. At the moment it may beck-test the 37-38 area which is a buyable spot with several conditions. I would still be very cautious on this market with new trades on a longer term as virus news might spoil your setup very quickly. Id consider intra-day and short term swings with no Over the Weekend positions. Max Stops under 36.00.
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Remember: These are not trade recommendation to buy or sell securities. Always do your own due diligence and trade at your own risk.
Never chase a trade once it is too extended from the entry zone.
Never risk more than 1% of equity per trade.