When your in the business a long time you realise that's there always one that got away....but you never go broke making a profit.
Money management is the best way to trade stocks.
The best traders use a philosphy of taking profit off the table at certain pressure points on the charts, at these points stocks can go up or down.
If you are not gun ho on charts, just look at the monthly chart and when a stock breaks the low of a previous month, take some profit off the table.
Then if you want to trade that stock, enter when it breaks a previous monthly top, providing long term trend is still up.
I have done this with PRR and it means that half my money sits for about 6 months out of the market while price retraces and I load up the same amnount of shares at a lower price, giving me profit along the way and maintaining my original input.
Easy to trade,just takes so litte time and effort.....just discipline to be patient.
PRR Price at posting:
20.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
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