RBLX: When to sell

Hi Marty,

I'm finding it tricky to know when to sell. It must be one of the hardest things in trading.

Where would your sell point be on RBLX? A break of prior day low?

I got in at 107.70. It seems to be up again pre-marekt!

Kimon

Kimon,

You have a good entry price. I would set my stop-loss at yesterday's low of $116.55, and move the stop-loss up to today's low. This guarantees you a winning trade.

You may also just want to sell half  or 3/4 of your shares and let the rest run? It does not need to be all or nothing. On the daily chart, the stock is 20.3% above its 10ema and gapping higher this morning. A short-term pullback would be expected as traders take profits

If we look at the weekly chart we can see a breakout and follow through. There are no sell sign with this stock, and it is likely to trade higher. However, I am not one to be greedy and try to hold out for every last penny.

This stock/company is in an exciting new space and investors want to own a part of it. It would be a shame if you sold everything and did not take part of an epic run.  Personally, I held 125 shares and sold 75 yesterday, and comfortable that I missed out on added gains. But, I still have some skin in the game. Congratulations to you on a winning trade, and more importantly selecting a winning stock!

I hope this answers your question!

I forgot to attach the charts....I always refer to the weekly charts before making any decisions! I like the blue volume bars...

Regards,

Marty