I wish you the same! Nice of you to write and share your thoughts. I have one comment. Don't get too attached to fixed exit prices. Set yourself a target price and when you reach it, lock in the profit, but let it run its course. The art of the stock market is to let profits run and limit losses.
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•@Multibagger Thanks for the tip, I'll think about it!
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@Multibagger Now I have to ask again specifically.
I actually wanted to sell MTM Critical Materials. I'm about 250 euros up here.
If I understand you correctly, I should take the 250 and leave the rest. Do you understand correctly?
I actually wanted to sell MTM Critical Materials. I'm about 250 euros up here.
If I understand you correctly, I should take the 250 and leave the rest. Do you understand correctly?
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•@investment_wizard_2286 This is a very volatile stock where a stoploss makes little sense. In general, I always work with target hedging. This means that if I have set a target of 60% and it has made 70%, I hedge the 60% with an SL. I then always tighten it if profits continue to rise. Otherwise, if the profits are very high, I tend to take out the stake and let the profits run further
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•Thank you, now I have understood it.
I wouldn't know how to set an SL afterwards, but I'll keep that in mind for the next trades.
I'm thinking more along the lines of 25-30% profit and then sell. But the percentage profit can be set individually. Tightening the SL makes sense.
Now I just have to think about what to do with MTM. Take 250 and leave the rest or sell it completely.
I still have time until Friday 🙈😅
I wouldn't know how to set an SL afterwards, but I'll keep that in mind for the next trades.
I'm thinking more along the lines of 25-30% profit and then sell. But the percentage profit can be set individually. Tightening the SL makes sense.
Now I just have to think about what to do with MTM. Take 250 and leave the rest or sell it completely.
I still have time until Friday 🙈😅
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•@investment_wizard_2286 I would never sell them completely
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