There are some good ideas being shared about exit strategy, and those plans are hopefully perfect for those who made them.
There are lots of factors that helped me come up with my plan. But the basic plot is: don't sell too much too soon, cut out of enough to enjoy the gains but not so much that it significantly diminishes my position, and hold enough that if Doc does give a dividend the monthly payout would provide generational wealth. There are also my personal finances to consider. I'm willing to give up a small amount of shares at a lower price so I can pay my debts and have some spending money. I've made my plans with preservation of my core position a top priority.
I started buying at .0008, so I am comfortable enough with my overall position to let 100k shares go at .50. If it blasts right by and gets to multiple dollars quickly, the 100k I sold makes no difference. But if it hits .50 and goes below it for a long time I would be kicking myself for not selling a little bit when I had the chance....and be broke for however long it takes for it to go back up.
But, if we get the gap up rather than the trade up, my .50 limit price won't matter anyway because the order will hit the higher bids.
I appreciate the insight and advice on the board about exit strategy. As a whole it helps me to plan my own exit strategy.
So now the entire world knows that I have 100k up at .50. Come 'n get 'em!!!!
There are lots of factors that helped me come up with my plan. But the basic plot is: don't sell too much too soon, cut out of enough to enjoy the gains but not so much that it significantly diminishes my position, and hold enough that if Doc does give a dividend the monthly payout would provide generational wealth. There are also my personal finances to consider. I'm willing to give up a small amount of shares at a lower price so I can pay my debts and have some spending money. I've made my plans with preservation of my core position a top priority.
I started buying at .0008, so I am comfortable enough with my overall position to let 100k shares go at .50. If it blasts right by and gets to multiple dollars quickly, the 100k I sold makes no difference. But if it hits .50 and goes below it for a long time I would be kicking myself for not selling a little bit when I had the chance....and be broke for however long it takes for it to go back up.
But, if we get the gap up rather than the trade up, my .50 limit price won't matter anyway because the order will hit the higher bids.
I appreciate the insight and advice on the board about exit strategy. As a whole it helps me to plan my own exit strategy.
So now the entire world knows that I have 100k up at .50. Come 'n get 'em!!!!
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