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RE: When should you actually blow your own trumpet?
maybe it's bc i'm not as familiar with stocks, but can you explain to me what happened? I thought you managed to sell at a good time, hence the trumpet blowing, but I read a comment below that wasn't the case...just wondering!
hi @corinneiskorean, thanks for your question. Yes everything was fine with the trade, I just didn't catch all of the move, as I set targets for taking my profits. You see, I'm a trader, and I move in and out of positions, I don't hold for the long run as you never know when this will happen. Once I hit my targets, I'm out. Does this answer your question?
ahhh so you set a specific point where you'd pull out regardless? Did you base this off time or a monetary value?
I generally base my exits off supply/demand levels I see on the chart. My first target is based of R:R (Risk:Reward) and a supply/demand level. Once I have hit my first target then my trade is covered, and I am free to let the remainder of my position run a little longer to another supply/demand level. Great questions, thank you.