Exit Point
Where can I find the Exit Point for a trade on your website?
Thomas,
I have no idea what stock and what entry price people are buying. I believe it is important for each individual to establish a system that works for them and their personality as we are all different.
However, I suggest you sell at a 5% loss every time.
The market conditions will dictate how much leeway I will give a stock. There are rule where we sell when a stock is 100% above its 200sma. However, you would los big profits on a sticklike APP which has traded 100% above its 200sma since November 7. If you sold using that rule at $250 then you missed on a $90 move. This current uptrend is strong and we need to maximize profits.
On average, with your winning trades I advise to take at least 1/3 off after a 20% gain. You can let some run if the trade is working for you. We want to maximize profits in an uptrending market. However, if we are holding on to a stock too long we will lose some of our profits, and we do NOT want to do that.
If you have a specific stock you are thinking about then I can help answer that question.
Regards,
Marty