I bought 7 shares at $70, then sold 2 at at $280 to cover my initial investment. Holding the other 5 to see where it goes. If I can make an extra few thousand then good, but if they shrivel up I'm up $40 anyways. 🤷♀️
I don't know if it has a name but this strat seems to be good. Calculate the price where you make your initial investment back, pull it out when you hit it, then let the surplus keep going. Sure you won't make as much if the stock keeps climbing but if it never takes off you haven't really lost anything except time.
Yeah, pretty much. After today I kinda realized how much watching this stock had taken over my life the past few days at the expense of a regular sleep schedule. It felt good to see :stonks-up: and be a part of the masses but every few minutes I'd be compelled to check them to see if :stonks-down: . Figured I'd just cut my losses and stop worrying over what, like MAYBE a couple thousand dollars? Sure, that's a lot of money for an unemployed student to make in a few days, but that's not life changing for me. I'd probably just blow it on a gun or something.
I bought 7 shares at $70, then sold 2 at at $280 to cover my initial investment. Holding the other 5 to see where it goes. If I can make an extra few thousand then good, but if they shrivel up I'm up $40 anyways. 🤷♀️
I don't know if it has a name but this strat seems to be good. Calculate the price where you make your initial investment back, pull it out when you hit it, then let the surplus keep going. Sure you won't make as much if the stock keeps climbing but if it never takes off you haven't really lost anything except time.
Yeah, pretty much. After today I kinda realized how much watching this stock had taken over my life the past few days at the expense of a regular sleep schedule. It felt good to see :stonks-up: and be a part of the masses but every few minutes I'd be compelled to check them to see if :stonks-down: . Figured I'd just cut my losses and stop worrying over what, like MAYBE a couple thousand dollars? Sure, that's a lot of money for an unemployed student to make in a few days, but that's not life changing for me. I'd probably just blow it on a gun or something.