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RMTI when to take profits?
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RMTI when to take profits?

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RMTI when to take profits?

One of my problems is taking profits too early with stock. If I were patient I would have made over 1k on RMTI on Friday. I decided to buy more at $10 and swing it. I'm counting on it gaping up with all the hype and momentum.

Now say it jumps, when do I take profits? I don't want to be greedy but I also have a hard time reading the market. I don't go off of news but the hype behind this stock feels like it could really go the distance. Maybe 12 to 15 bucks.

I want to make great trades and not focus on the money side of it. Sould I sell half (500) shares Monday if it gaps and let the rest ride? I'm feeling like that would be a good trade and not motivated by money

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dhewittjr View Post
One of my problems is taking profits too early with stock. If I were patient I would have made over 1k on RMTI on Friday. I decided to buy more at $10 and swing it. I'm counting on it gaping up with all the hype and momentum.

Now say it jumps, when do I take profits? I don't want to be greedy but I also have a hard time reading the market. I don't go off of news but the hype behind this stock feels like it could really go the distance. Maybe 12 to 15 bucks.

I want to make great trades and not focus on the money side of it. Sould I sell half (500) shares Monday if it gaps and let the rest ride? I'm feeling like that would be a good trade and not motivated by money

This is what most people do. Totally random, no plan, seat of their pants. No research, no homework, no confidence.

Watch this webinar for starters:

https://futures.io/psychology-money-management/28649-webinar-futurestrader71-ft71-holy-grail-expectancy-habits.html

Mike

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