I have currently 490 shares at an average share price of 4.34 usd. Not really sure whether i should sell or not..
pantheo
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@Syvorus, you should follow your exit plan. We must always know, before taking positions, where is our exit or under what conditions i.e. breach MA8 for example I sell 1/3 and under MA20 the rest if it is a trend following trade. In breakouts for instance sometimes I sell half when PSAR turns bearish in 4H time frame when there is not weekly buy signal. You can create your own rules and check in the net what other great traders are doing through available books. I really don't know what happens next in most of the trades. Currently I kept 1/3 of my original position. Last daily candle, if you check the volume. looks like market makers candle who are hedging against higher prices. This one pre market was higher. Let's see how the day goes and check it again.
UnknownUnicorn11950770
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@pantheo, Thanks, I should stick to my exit strategy. But a lot of times I do think that the sky is the limit.
But the division '1/3' & '2/3' or any other % is quite good! Only problem i face at the moment is that i'm from Belgium and use a broker which is not that good for penny trades.
Therefore I need to find a better broker first :)
pantheo
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@Syvorus, u r welcome. Buying in parts gives you better average, selling in parts gives you better profits and helps in avoiding losses. If you avoid them constantly, then yes, sky is the limit in average winners not in one trade or in stock:-) Cheers, P.
pantheo
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@Syvorus, Levels of interest to me are 3.80-3.30 and 3.20-2.90 if ever there to decide to add or not pending PA. Currently it's bullish in all timeframes. Hope this helps, cheers, P.
asigristch
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I sold my original position. But in guess a bit too early. I left 120 shares , will see how it plays out :)
pantheo
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@asigristch, you've done very well. We are taking early profits in this kind of set ups after 5%-15% increase. Most of them end up as daily trades. Still have 1/3 of the original position too.
asigristch
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@pantheo, idk how ling I had it for , my average buy for 2.46, I ended up selling it at 6 . It started today really strong in pre market