RE: Price Expectations?6 Feb 2021 12:57
Im never emotionally invested into any stock I hold. By taking that aspect out of my dealings I set stop loses in all my holdings, around 15-20%. Obviously I hope it doesn't come to that but it minimises me looking at deep losses and praying that the 'good news' released will be a turn around story. Im not loyal - i will cut losers. However, if i see that it reaches approx +20% (including entry fees, stamp duty etc) I shall set my stop loss at brekeven. And 'Lock in profit' when i see it approaching 30% and setting stop loss at 10% and and let it run with that trailing stop. Past this point i shall put a shorter stop of roughly 7% until im stopped out and seek out other opportunities ..