Why? You don't want to ride a stock down 40%-80% off highs?
Because you don't know for sure if the stock is ever coming back to those spike highs again.
Most don't and you can get caught losing all your profit back or worse end up taking a big loss.
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Let's start with this rule today.
You are NOT suppose to ride a stock being pumped down 40%-80% from it's highs.
You need to know when to dump it and buy back for a bounce trade after the drop if you still like it.