Critique this trade? $SMCI

[KGTrader4]

Don't bother to see the RSI, MA ... those are useless and worthless.
SMCI will go up or down not because of RSI, MA ....

you have decided to close all your positions.
Don't even think of going in again.

SMCI has been on the uptrend since 2018.

If I were you, I'd probably leave say 1/4 of my long position opens.
And had my stop in place.

i don’t know, I like the RSI as an overbought oversold indicator.

I used to think once I was out of a position, move on. But I’ve changed my thinking on that. Yeah, I’m being a little bit of a wise guy getting out hoping to buy back a few points lower. But why not. These stocks don’t go straight up without pullbacks that let buyers have another chance to support the stock (duh).

 

[tomkat22]

This current trend for SMCI is looking a bit long in the tooth for my liking. You probably did the right thing taking profit(probably). In fact it could be a good short opportunity in the next few days. BTW it doesn't quite meet the definition of "parabolic". Now HKD, that was parabolic.Sheesh.