Rockaphobic
:
Unless I'm doing a swing trade, I only buy RR when it hits 1.35 or less. Otherwise, I aim to buy the low of the day. Pay attention to recent highs and set a TP to sell on the next. Keep in mind, however, that due to lack of volume, day flips aren't that consistent here. I will take a loss if I feel I can buy back in and still flip to my advantage.
Pinkiii
OP
Rockaphobic
:
Thank you soo much for the advice, I will implement accordingly. I am new to all this and generally still not able to get my entries n exits right. Till now, I was trying to hold all my positions till it turns green.
Rockaphobic
Pinkiii
OP
:
I would never say to sell in the red, but I will admit that depending on the situation, when I hit -20%, I may dump half of my shares and lower my average or I might just dump it all together. It all depends on what the upcoming trend and orderbook look like. If it's a total loss, just walk away and don't look back. If you've done due diligence and feel that the stock will rise, adjust your DCA and hang on. Ultimately, if the company you've vested in is worth your valuation per share, it may be a long hold. There isn't a right or wrong answer, so don't beat yourself up over losses. Losses are learning experiences. the wiser you get, the less they're necessary.
Rockaphobic : Unless I'm doing a swing trade, I only buy RR when it hits 1.35 or less. Otherwise, I aim to buy the low of the day. Pay attention to recent highs and set a TP to sell on the next. Keep in mind, however, that due to lack of volume, day flips aren't that consistent here. I will take a loss if I feel I can buy back in and still flip to my advantage.
Pinkiii OP Rockaphobic : Thank you soo much for the advice, I will implement accordingly. I am new to all this and generally still not able to get my entries n exits right. Till now, I was trying to hold all my positions till it turns green.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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Rockaphobic Pinkiii OP : I would never say to sell in the red, but I will admit that depending on the situation, when I hit -20%, I may dump half of my shares and lower my average or I might just dump it all together. It all depends on what the upcoming trend and orderbook look like. If it's a total loss, just walk away and don't look back. If you've done due diligence and feel that the stock will rise, adjust your DCA and hang on. Ultimately, if the company you've vested in is worth your valuation per share, it may be a long hold. There isn't a right or wrong answer, so don't beat yourself up over losses. Losses are learning experiences. the wiser you get, the less they're necessary.