Good luck to you 'scottsmith'.
Gaining free shares is IMO a positive strategy. There are variable methods. It often depends on the stock, SP, rate of science progression etc. in the stock. It can be done with a 100% gain followed by a 50% retrace. Several 25% gains with 33% retraces etc. One can sell all or keep a core. A lot depends on the stage of the company, how quickly positive news events can ocur and other variables. The longer one trades/follows a stock the more it is likely to manifest a rhythym. Keeping track of the rhythym and charts with the overbought/oversold setups can work to maximize known news events and dd.
Whatever system an investor uses/creates it should fit comfortably within the individuals personalty, emotional makeup, skillset and goals. As experience grows these variables in the system can be adapted accordingly.
Congrats on your previous gain and the oportunity to decrease your cost basis.
Remember these are opinions from one poster only. Do your own dd. Create your own personal plan and hold yourself accountable. A trading journal can be very valuable in the process.
Green wishes to all.
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