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CornellEngineer

12/14/18 10:49 AM

#6430 RE: mx10001 #6424

I'm not a very greedy person by nature so I usually have no problem selling into strength if a stock gets close to my original price or % gain target. I'll usually leave some money on the table because I tend to sell early rather than wait for it to top off and start coming back down again.

But I understand the FOMO challenge...I've been swinging these pot stocks for my elderly father's account and sometimes I really have to convince him to sell when we have a nice gainer...he often thinks this or that stock is headed for the moon.

We lost out on a great chance to take a nice quick 15% gainer with Charlotte's Web after only a few days because he putzed around and waited. Oh, well...it's HIS money, after all! But I woulda thought by now after seeing so many stocks drop big after we sold that he would be a little quicker with the sell trigger but basic human nature is tough to overcome sometimes.

I think it really helps to be a contrarian if you're gonna swing trade, and since I am a bear at heart every time I see one of our stocks shoot up I'm convinced it's about ready to plunge so maybe that's why I can sell more easily than others.