Let's use pump $BSQR as an example.
Let's say you saw it premarket or after the open and you jumped in around $3.00.?
Within an hour you already were up 100%+ on the trade.
You just have to take that money.
Can't hold and give it all back.
Conversation
I always take my profit! Volatile stock you will lose your gains as quick as you gained them.
I saw this in my scanner at 3.10, by the time I jumped in, it was 3.40s, pumped to 3.90 in the time I went to the bathroom... I missed it. Sold for a loss as I was caught in the middle of the first pump and thought it was over. Needless to say, I messed up this trade.
AAME same. Made 700, lost 500 by being stupid. Should have been content with the 700 instead of reentering
Yes sir. Only way to do it. Old saying, but pigs get slaughtered. I think you have to experience it to understand but once you have, you’ll hopefully go this route.
I did well for a newbie. Got in at 3.20'sh. Sold half at around 6.70. Then the other half around 6.90.
It was a good morning. Showed discipline, and didn't get greedy.
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