/biz/ - Business & Finance

>>20086348
Now stop that. You made money. In fact you made quite a nice amount of money. That's a win. That's the game. Lots and lots of people don't make money, lose money, get mad about it, make shitposts about how it's all a scam anyway.

What do when you sell and you find your exit was a fair ways away from the top of the move? Work on your trading procedure and decision making on when to take profits. In swing trading I consider capturing 50% of a move adequate, 80% excellent. That amounts to allowing space between the bottom and your entry if you buy on something like a reversal confirmation, or the drawdown you experience if you knife caught. On the other side, either selling early or waiting for confirmation on exit usually in the drawdown phase off the peak. Whatever you do, don't trade blind. Don't wing it. When you buy you should have a plan for all scenarios: how much drawdown from entry you will allow before cutting your losses, how long you want to wait while it's sitting in a flat crab with no momentum, what do and when sell if it goes parabolic.

>>19411617
three months tops.