Hi Marty, I am a new member, I follow your ready list and I appreciate your work and insights. However, I was wondering when is the good time to sell a stock or manage my trades around a core position as you frequently mentioned.

For example, I am currently owning OKLO @ 140. Now it is breaking the 5 EMA with 7% decline as I am posting this question, I want to protect my gains. Should I sell it or not? should I have sold it when it was touching the 190?

Another example that I don't want to repeat. I owned ALAB, I saw 10% gain on it and sold it with 5% loss after that as it broke the 20 EMA and going to touch the 50. Again, should I sell it at break even or earlier? and should I wait until I see the close of the session? and when to sell partially or close the position. I think the exit is harder than the entry, I want your experience on that.

Great questions and it is personal to each individual.  The selling is more challenging than the buying. Most stocks when breaking out of a base run 20%-30% and then rest.

OKLO was placed on our ready list last week with a buy trigger at $138.35. It ran up  40% to $193.84 and reversed lower on Wednesday. I would expect further downside after a reversal candle like that and would take at least 33% of my position off the table at that point. The follow through to the downside today confirmed my expectation and I sold the remaining stock this morning.

I do not have much pain tolerance and when a stock reverses like OKLO did on Wednesday my expectation is that it will follow through to the downside and seek support. We have no idea where or when a stock will find support and that is why I like to sell those reversal.  Some people want to hold longer term and believe OKLO is going much higher and will hold through the downturns. I am not wired that way, and respect those who have the ability to sit through downturns.  OKLO is a powerful stock and will resume its uptrend and I will likely  buy it back.

ALAB sliced its 50sma with volume and that is an automatic set for me. I have learned over the years when a growth stock slices its 50 small with volume as Astera Labs did it is a set signal. It will normally take some time for it to stabilize and trade back through that level.

I hope this helps!

Regards,

Marty