With a gain of near $2 per share, how now brown cow?
Well howdy, cowboy, you ride... you ride on! Never be in a hurry to get off the horse while the horse is still getting you somewhere. Just ride. Yee hah!!
So what I do? I trail a stop. Today DBS did a high of 17.77, I just shifted my stop to 32 cents below. I maintained my risk exposure. To me everyday is a new day, and while I am in a position, I treat it as a new position each day.
For example, today, I treat my position as closed with a profit of $2.01 per share (17.77 - 15.76), even though it is still open. Then I will treat tomorrow as having a new position of DBS with entry at 17.77, the high of today. Thirdly, I apply my risk of 1% of my equity, i.e 32 cents still, and my trailing stop is at 17.77 - 0.32 = 17.45.
That is how I ride my profit. I do not take it sooner. Taking it sooner deprives you of further profits. Frankly I prefer not to set any target price. And that is my post for today folks!
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