Blow off tops and why you should utilize stop losses

131
I posted about Seed a few weeks ago. I purchased on the double bottom (80 Cents) and rode it to about 1.35, when my stop loss got triggered.

Its important to incrementally increase your stop loss trigger as a stock like this takes off or goes parabolic. The correction is brutal and you will give back all your gains if not. (As the stock increased, I had a trailing stop loss about 5-15% below the market price.

I wanted seed to go to 2-5 dollars but still was able to make a good 55% ish gain over the course of a month, also be able to identify what a blowoff top looks like. That nastly candle at the top is when you get out.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.