I hope everyone has a good exit plan in place.
Post# of 87274
(Total Views: 296)
Posted On: 09/18/2019 9:44:43 AM
I hope everyone has a good exit plan in place.
It took me a long time to come up with the best exit plan for me at this time. It's had several renditions so far. Exit plans are so individualized that nobody else can figure out yours as good as you can. I weigh all the DD, my perception of what's going on, my finances, my position size, my own speculation on how fast and how high the PPS will rise.....and what it will do once it gets up there.....general sentiment, and everything else that makes this situation what it is, and make my determinations on where to place orders and for how many shares, and calculate/estimate in my mind the time frame for those orders to fill.
Maybe I'm OCD, but I really consider everything before I place a sell order. I want to make sure I'm getting the most out of my shares and not selling too much too soon.
Overall, my strategy is to hold about 80% of my position for two more years, while maximizing the potential of the 20% in the shorter term so I can start acting like I have some damn money!!!!
It took me a long time to come up with the best exit plan for me at this time. It's had several renditions so far. Exit plans are so individualized that nobody else can figure out yours as good as you can. I weigh all the DD, my perception of what's going on, my finances, my position size, my own speculation on how fast and how high the PPS will rise.....and what it will do once it gets up there.....general sentiment, and everything else that makes this situation what it is, and make my determinations on where to place orders and for how many shares, and calculate/estimate in my mind the time frame for those orders to fill.
Maybe I'm OCD, but I really consider everything before I place a sell order. I want to make sure I'm getting the most out of my shares and not selling too much too soon.
Overall, my strategy is to hold about 80% of my position for two more years, while maximizing the potential of the 20% in the shorter term so I can start acting like I have some damn money!!!!
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