Hey mate,
For TA I simply trade multiday waves, anywhere from 20-50% on most cases for winners, otherwise I'll stop out at 8-10% loss. My TA trades are generally small positions so I'm not too fussed, just something I do to keep tools sharp in spare time.
I find it hard to land multibaggers using TA unless I know the underlying fundamental value. In every multibagger there will be multiple signs of climaxes/exhaustion/weakness which will work its way through the supply over time - unless you land the rare PSF, AZK, RYG type runs.
As for exits on TA,
1. If its made over 20%, I'll exit on the first sign of weakness....upthrust of high volume (closing on lows), high volume with little to no spread, bearish engulfing candle on high volume. By high volume I'm usually looking for volume > last three days. BUL is an example today.
2. If its not made 20%, I'll exit on the second sign of weakness. First will come as mentioned above. Second will come if it fails to break that price range on a second attempt, and shows weakness there again.
3. I get stopped out. 8-10% if it moves down from entry. 0-5% (more or less brokerage) if its made a move up from entry but fails.
I personally dont use 5-10mins unless I'm gearing in for an exit or entry. Usually I look at 30min to gauge general sentiment intraday/multiday.
FA buys for me, whole other story, holding period goes into months, stops are looser, position size is larger, happy to hold through technical weakness. Entries will be multiple buys (usually a narrow price range), exits will be multiple sells (multiple price ranges).
Cheers
Yeah managements been difficult with me so I don't really have regrets exiting even if it does bag from here.
However I'm more than happy to back management with bad reps in the past as long as they're managing the current company well, strong with investor relations, diligent etc.
An example; I know Brewer copped alot of flack from a tonne of posters but hes managed 4CE incredibly well and made me multibags there (I still hold), and he did the same for VEC and made me multibags there too (I still hold). Both I feel has more to offer.
I'm very happy leaving my money with him so far as hes managed both companies well, has been flying back n forth day after day putting in work to deliver shareholder returns.
Also if you want to see the origin of the heart lynching post it was on the GMV threads last night, when ex-RAP holders were posting. Was an complete unnecessary attack imo.
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