I have a rule and that is when a stock is up 10% or more I SELL
some - resistance around the 9 area. Many novice traders get
consumed with targets instead of simply trading what's in front of
them in concert with their style. Define an approach that
fits your style and then adapt to your trading. You don't
have to be an all or none trader - after big moves consider selling
some which allows you to swing the balance.
New here and still learning
Posted by dillaketime on 1st of Nov 2019 at 11:15 am
New here and still learning so pardon this question.
I bought BGG almost two weeks ago and am enjoying the breakout but not sure where my exit point is. Can you look at chart and give me some ideas? TIA
Was nice to lock in
Posted by steve on 4th of Nov 2019 at 01:49 pm
Was nice to lock in some profits on BGG Friday as discussed
Yes. Took profits as you
Posted by dillaketime on 4th of Nov 2019 at 04:28 pm
Yes. Took profits as you suggested and held the remainder long. Valuable (read profitable) lesson there. Thanks.
I have a rule and
Posted by steve on 1st of Nov 2019 at 11:34 am
I have a rule and that is when a stock is up 10% or more I SELL some - resistance around the 9 area. Many novice traders get consumed with targets instead of simply trading what's in front of them in concert with their style. Define an approach that fits your style and then adapt to your trading. You don't have to be an all or none trader - after big moves consider selling some which allows you to swing the balance.
Thanks Steve. Good advice &
Posted by dillaketime on 1st of Nov 2019 at 12:33 pm
Thanks Steve. Good advice & education. That's why I like this site.