RE: balls of steel21 Aug 2020 08:33
I handle the stress of a rapidly increasing stock price by slicing, i.e. selling a proportion (maybe 33%, maybe 50%) and banking the profit (I'm not looking to build long-term positions in these stocks). For example I have done it with SYME over last few days. Once I've made the sale, I immediately relax: the profit is fixed, so I can't lose it. Then, if the stock carries on rising, heads I win; if it falls, tails I win - I've made a profit I wouldn't have had. OK, if it carries on rising, I don't get as much profit, but if it falls, I don't lose it. Anyway, you can always get back into a stock on the inevitable dips.