Good Morning,
I expect we will hear from the more successful friends.
here is what i have been doing:
Initial stop 9-11% below the listed BP; if buying higher then position size
When up 10% from listed BP, move stop to within 1 to 2% of the listed BP
When up over 10% from mu buy, move stop to 1-2% from my buy, roughly breakeven area
When up 20%, move stop to 5% gains
When up move stops at 20 to 30%; and if stock can’t get higher on third attempt then move stop to 10% gain. This learned from PT1950
When over 30% gain then sell rules move to selling some on break below 50DMA, selling some breaks further down. Sell all if market reacts negatively to any news. I have no faith in price targets, so no sell at “when fully priced”. If and when see climax top, would sell some or all.
My big regrets have resulted from lowering the initial stop, raising the profit stop too soon, buying at “compelling valuation”, buying below 50DMA and keeping faith when bears are goring the bulls, either due to confidence in the “story”, or letting others including the daily report and this fine board or my own due diligence says this is the next such and such; next ISRG for example.
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