RE:RE:WELCOME HOME HOMESTENCH!!Pbmoney wrote: welcome back, SS, havent checked this board in a while.
As i set down limits everyday from the new highs and stuck to a plan (for once). The holdings I once had are basically all gone. Didnt want to ride this down again.
Disciplined investing.
Not investing advice, but set down limits from your buy in, down 5, 7, 9, 11% and sell a quarter of your shares at each. At the same time, every new high the stock hits, update your down limits from there, and lock in your gains.
For example when stock hit 70, set up stop loss orders at 66, 65, 63, and 62. For a quarter of your holdings at each price.
The problem with that is it didnt hit those prices , it had a major gapdown the one day. It opened well below your target sell numbers (i think it opened at 56 bucks) . So all you position would be sold at opening price , well beneath what you had hoped for.
Mind you its above todays price , but its just something to add to your post . You dont always get your chance at 66, 65,63,62.