Tuesday, January 12, 2021 5:10:49 PM
Apart from when we get parabolic moves like recently in Fuel cell stocks I look at the 20 DMA, that is often a trigger - close below sell next day if opens down (or still down after 10:00am).
If I know the company well like I do for fuel cells and some EV related stocks I may let it ride to the 50DMA if there is no bad news, lost customers, new competitors etc. so market just rotating
Have sold some big tech internet remote working stocks on this basis.
other rule is if up 500% then sell 20% to then have free shares and no guilt riding it (SHOP BLNK FCEL come to mind)
As previously said - have a plan and stick to it and don't fall in love with a stock be prepared to see the other side.
Thats why I like iHub you always get another side view!
Good luck - what a great day
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