Here are the steps I did:
- Set up a stop loss at $2.7/ share, so I enjoyed a few weeks; And then stock went down to $2.76, I quickly removed the stop loss at $2.7/ share, and it went up to $3.11/ share in a few days.
- I did not lock in the gain from $2.7/ share to $3.11/ share, and I should add a trailing stop 5% once it reaches $2.76/ share, so that it will sell anywhere around $3/ share.
- When SABR price goes up 5%, and then quickly drops 2.5% percentage, I can stop trailing stop 5%, and then try to sell immediately.
- Make it simple
Actionable items:
- I need to avoid 15% loss right now.
- I need to start to set trailing stop and follow up the stop loss daily based on the market and market.
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