No emotional exit
The best experience for me is buying FUTU share which it plunged more than 30% just over 2 days ! I couldn’t even set a stop loss in time and the loss already went beyond the usual 10% limit because for some good fundamental stock in my long term portfolio I has no intention to set stop loss indeed.
My strategy is averaging down, collect at every dip and keep the bullet for it’s all times low and waiting for its rebound. Why exit ? it’s opportunity to collect at huge discounted price and make double or triple profit. For example, my enter strategy is buying 1 share only at 82 then average down with 3 shares at 62, average share price now is 67 which is just 6% down from current price around 63. Prepare to collect another 6 shares at 52 to average my share price to 58……..
However, I strongly do not recommend this No emotional Exit strategy to any other stock which has no fundamental. Trading exit for those stocks always set at half of the potential upside gain say 5% exit if 10% take profit, hit and run for any risky counter !
My strategy is averaging down, collect at every dip and keep the bullet for it’s all times low and waiting for its rebound. Why exit ? it’s opportunity to collect at huge discounted price and make double or triple profit. For example, my enter strategy is buying 1 share only at 82 then average down with 3 shares at 62, average share price now is 67 which is just 6% down from current price around 63. Prepare to collect another 6 shares at 52 to average my share price to 58……..
However, I strongly do not recommend this No emotional Exit strategy to any other stock which has no fundamental. Trading exit for those stocks always set at half of the potential upside gain say 5% exit if 10% take profit, hit and run for any risky counter !
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