After I have a big winning trade going on like $EDNT.
I try to get the top.
But I also have a mental stop loss in on how much profit I'm willing to lose back.
I have to leave with a big score so if the stock drops. Have to get out
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Was gonna ask this...so when u get into a big running trade like this, u don’t set a trailing stop or anything, right? Too easy to take out and run higher?
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I try to catch the top but almost impossible. I sell 1/2 if the stock starts dropping then I forced to have a limit order ready with I'm willing to give back.
I have a lower limit sell order in my mind. Have to get out at