ODX - If you are not holding some stock here, what are you doing?25 Apr 2020 20:11
I wonder how many are now kicking themselves for selling out too early on Friday or are unhappy with a taking a tiny profit because this could go on a big run. I wonder if they are thinking about buying back in and paying more now? They are probably sat at home reading every post wondering if they made a big mistake.
It is a much better idea to make a plan of what you expecting if it goes well... let it run, take some off the table, take it all and also plan what you will do if it moves against you, cut it, let it be, add more etc. But keep your position sizing small enough you are comfortable to follow your plan and make the plan whilst the market is closed or before you place the trade. That way you are just following your rules rather than deciding what you are going to do in an emotionally charged environment.
I think ODX is going to move up quite a bit from here and plan to let it run but it doesn't matter what I am doing, it is what you are doing that matters.