As Steve would say "trade your system" :) you'll have to examine
what your system is for you. Some ideas are to hit twice of
what you are risking, this way over time you need to be right just
a hair over 25%. Another you can do is to look to sell prior
highs (in Bloom's case close to $18.50). If very bullish and
early in the breakout you could watch the 9ema for a cross of the
13 or 20ema. Just ideas for you. In the long run you'll
have to figure out what you can adhere to. Keep records!
after a while you will see what works, and more importantly give
you the confidence to trade and let the statistics take care of
your account. Good luck.
As Steve would say "trade
BE Updated View
Posted by erikvik on 18th of Sep 2020 at 11:10 am
As Steve would say "trade your system" :) you'll have to examine what your system is for you. Some ideas are to hit twice of what you are risking, this way over time you need to be right just a hair over 25%. Another you can do is to look to sell prior highs (in Bloom's case close to $18.50). If very bullish and early in the breakout you could watch the 9ema for a cross of the 13 or 20ema. Just ideas for you. In the long run you'll have to figure out what you can adhere to. Keep records! after a while you will see what works, and more importantly give you the confidence to trade and let the statistics take care of your account. Good luck.
Thank you, very kind of
Posted by ciamears on 18th of Sep 2020 at 11:34 am
Thank you, very kind of you to respond. My 'system' seems work. Decided to cash out - happy with the profits!