SPLITIT PAYMENTS LTD (ASX:SPT) - Charts - SPT, 37903945, page-2501 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by walexx: ↑

Ive been sitting on this for a week and bought in at 1.37 today. I was looking at it last thursday at 1.03 and but thought, nah, Im gonna get in under $1 but it didnt happen.

Ive made a nice packet from SPT already but I want to maintain that and not lose too much of my gains. I dunno whether to just bail again and cop my losses or hold my nerve ?.

I thought I had this one figured out, it does to a degree have a pattern. Opens up, then drops off around 45mins later, then stays steady most of the day, then after lunch she goes up again, but then between 3-4 its a lottery hahaha.

Funny thing is, when it hit 1.44 I had this feeling and thought hmm bail, scoop up the few $$thousand Ive just made and see what happens, but after yesterday I wasnt game to take the gamble hahahaha.

So my dilemma, stay or go ?. This is such a roller coaster you just need to know when to get on and when to get off. Clearly the big boys do, but for the rest of us, even the charts which i usually trust in (when people post them) dont seem to have it totally sorted yet.

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yeah i have the same dilemma as you.

I was close to pulling the trigger to sell at the $1.4+ range to capitalise on a 25% gain which would have been a few thousands aswell, but again because of yesterday’s crazy run i thought it would keep going.

3pm really is the damn lottery haha

hence, i am just gonna stick with my own self rule to sell if it goes below $1.3 and have no regrets.

its always important to maintain the profits you make and remember to have the mindset that you cant win em all.

if your investing in the short term which i presume you are... i stick to my rule of cutting my losses when its 5 - 7% and remain positive by thinking of the bigger picture of how much I up overrall to keep myself calm

obiviously everyones risk appetite is different, so its up to you on what your comfortable with... when it comes to accepting and cutting losses.

I am still struggling to comfortable with when i sell a stock to capitalise profits because i am so damn greedy haha but its a learning curve

theres really no idea what is bound to happen tomorrow

good luck mate... and if you do cut your losses just remember that your still up overrall

DYOR