EDIT: I'll just set it at $5000
The pro strat is not to dump your entire load at once.
Identify the minimum you're confident it will hit and the maximum you're willing to gamble on it hitting and divide your stack into sell orders within that range at just below big dollar values.
For example if you're very optimist and think it will break $1000 for sure and maybe touch $5000 your best bet's probably to put 10 sell orders each with 10% of your $GME stack at $986.5, $1486.5, $1986.5, $2486.5,$2986.5,$3486.5,$3986.5,$4486.5 and $4986.5.
If you think it's likely to pump above $500 but not go above $1000 your sell orders might be 10% each at $498.65, $548.65, $598.65, $648.65, $698.65, $748.65, $798.65, $848.65, $898.65, $948.65.
Of course, you don't have to divide your orders linearly within that range or your stock evenly between your orders, you could spread half from 500 to 1000 then another half between 1000 and 10,000, the main takeaway here is spread your orders out, don't dump everything at a single sell order and whatever you do don't put your sell orders at mentally significant values. There are often walls of retail investor orders at those values and if they're not broken you want to be just below so you know your whole order will be filled without the wall being broken and if they are broken you want to be at least a little bit above as the breakthroughs often have momentum to them and the next big value is often tested.
I don't own any $GME shares or derivatives and this isn't me giving you financial advice.
Good luck comrade. I hope you get rich off this.
The pro strat is not to dump your entire load at once.
Identify the minimum you’re confident it will hit and the maximum you’re willing to gamble on it hitting and divide your stack into sell orders within that range at just below big dollar values.
For example if you’re very optimist and think it will break $1000 for sure and maybe touch $5000 your best bet’s probably to put 10 sell orders each with 10% of your $GME stack at $986.5, $1486.5, $1986.5, $2486.5,$2986.5,$3486.5,$3986.5,$4486.5 and $4986.5.
If you think it’s likely to pump above $500 but not go above $1000 your sell orders might be 10% each at $498.65, $548.65, $598.65, $648.65, $698.65, $748.65, $798.65, $848.65, $898.65, $948.65.
Of course, you don’t have to divide your orders linearly within that range or your stock evenly between your orders, you could spread half from 500 to 1000 then another half between 1000 and 10,000, the main takeaway here is spread your orders out, don’t dump everything at a single sell order and whatever you do don’t put your sell orders at mentally significant values. There are often walls of retail investor orders at those values and if they’re not broken you want to be just below so you know your whole order will be filled without the wall being broken and if they are broken you want to be at least a little bit above as the breakthroughs often have momentum to them and the next big value is often tested.
I don’t own any $GME shares or derivatives and this isn’t me giving you financial advice.
Good luck comrade. I hope you get rich off this.
This site is dead.
So at first I thought you were mad about all the daytrading shit on chapo, which, fair, but then I noticed your entire post history was chatting about cryptocurrencies and now I'm a little confused.
How do you mean?
I noticed your entire post history was chatting about cryptocurrencies
Did you read any of those comments?
I'll thank you not to misrepresent my post history from now on ktnxbai
idk
@civility is trying to make out I'm constantly posting about moon lambos for some reason, total fiction, and hoping nobody will click and see
I mean you currently have a posting history of 7 comments so don't bother getting huffy over someone dismissing you
that's not what Vampire's huffy about
their post history 'chatting about cryptocurrencies' was 1 comment that specifically said speculation bad, distributed apps good
civility was being disingenous with the 'this you' nonsense
I mean at the time I posted that your comment history was one "It's a conspiracy!" and the other two both about cryptocurrencies.
Fair play to you, looking at the threads they're both about how much you dislike people talking about cryptocurrency prices on chapo 😂 but I hope you can see how I got confused without any need for "trying to make out" or "hoping nobody will click and see".
I understand people posting about trying to get rich by taking money off billionaires and some random pension funds through the stock market isn't exactly marxist theory, and the combination of naked self interest and desparation that has people talking like they would if they were in a ponzi or pyramid scheme can be uncomfortable to read. That being said, I'm finding it really hard to fault anyone here trying to take what seems like clean, easy money, especially given how fucked shit is in the US right now, and I'm trying to help people get out of things as well as they can. Push comes to shove I think I'd rather have comrades here in money than whatever split of billionaires, institutional wealth, 401ks and pension funds they're trying to take the money from and I'm viewing sharing my (limited) experience as low effort mutual aid.
I can absolutely understand seeing it differently though.
What in my comment made you uncomfortable?
Nope, and I accidentally sold my few shares of $BB and $AMC because I assumed they did
I guess you're on a single sell order then 😂
Sorry that whole spiel wasn't helpful.
I guess my main advice (not financial advice!) would be whatever you do don't try to pick the absolute top, 75% is almost always close enough in terms of gains, and sell about 2% below the next round number or value retail investors are likely to cluster around.
Again, best of luck. I hope you get what you need from this.
Nothing, just look at the line every five minutes and if you suddenly feel like shitting your pants, sell.
I raised mine to $1000 because fuck it, they are clearly in a bad spot.
Fidelity wont let me set the limit any higher than 50% more than I bought it for wtf
