- 10,245
- 24,777
- Joined
- Jan 9, 2007
All Relative In My Opinion.No, not for your whole position. I set stops on GME at 70, 250 and 300. I was ecstatic when it hit 300. Could I have set a final stop at 400 or 450? Sure, but I'm taking the risk with the remaining shares to see if we hit the moon. All while being more than satisfied my play worked out amazingly.
No need to sell the whole pot. But protecting your portfolio by selling to cover at least your cost basis is a good thing. It's not paper handing the position. It's being smart. Diamond hand the house money, not yours.
With The Volatility This Stock Is Seeing And Honestly, It’s Current Upside Potential (Fundamentals Set Aside), Those Shares You’d Sell To Cover Your Position Could Be The Difference In Doubling Your Initial Entry Point.
Not Seeing Those Gains Seems More Likely TO ME At This Point Than Seeing A Loss Of My Initial Position.
God Willing This Thing Ain’t Going Back To $9 Any Time Soon…
Am I An *******? Maybe!!!