Replies to post #5158 on Coro Global Inc (CGLO)

[hotdog1012]

It's good to set targets with trailing stops.

I usually set a 10% Trailing stop to sell 20%-30% of my holdings. If it rebounds upwards on a signficant gain, I still have my 70-80%. If it drops another 10-30%, I look for reentry.

I use other trailing stops at other % of holdings to make sure I reduce risk and maximize return. It's a very good discipline to practice, even when my emotions are screaming SELL!!!! or HOLD!!!!

8 or 9 times out of 10, the discipline has really saved me.

[IslandTrader]

It seems that happens when the stock has a huge gap opening and then fails to go higher. That is a good sign that it's time to get most of your profit out. This thing hasn't even started it's move yet!

[jrg]

I hear you! I bought into MCLN at .03 and when it went up to .076 I did not sell anything, what a putz I was and now its trading .026 and been stuck there for a while.
Have to take profits on the way up which is what my friend keeps telling me.
Now I'm trying to decide how much higher this will go.
I sold half my shares yesterday so now I am riding on free shares.
But still this could go back very easily so a decision has to me made.
Nothing goes straight up!
Same mistake with IMGG I did not sell at $1.95 and now I'm down over 50% on my investment and I'm stuck!Waiting for the damn FDA approval if it ever comes.