80k to 888k in about 1.5 years, leveraging with margin

[u/zin1422]

[u/d33p7r0ubl3]

You need to decide which is better. Selling for a small profit, or diamond handing and potentially holding forever or selling for a small loss in search for a massive win.

The first option is far worse than the second imo. So diamond hand your position and set a small stop limit

[u/TrueVoiceWorldTree → u/d33p7r0ubl3]

If you’re gonna Diamond hand the stop limit will fuck you up

[u/d33p7r0ubl3 → u/TrueVoiceWorldTree]

Stops hit when the position goes against you. Meaning your thesis or timing is wrong. Reenter another time

[u/TrueVoiceWorldTree → u/d33p7r0ubl3]

Yeah true, but MMs will capitalize on volatility and take out stops, so if you really want to avoid selling (like for tax reasons) better to just monitor regularly. Results may vary!

[u/d33p7r0ubl3 → u/TrueVoiceWorldTree]

That’s true. Stop placement is paramount

[u/Which_gods_again → u/d33p7r0ubl3]

6% not 5% gotta pick numbers that aren't regarded highly by the quantity.

If you like paper hands go 3%. Wendy's has a value menu.

[u/d33p7r0ubl3 → u/Which_gods_again]

[u/Financial_Doughnut53 → u/d33p7r0ubl3]

there is no shame in making profits on gains and if it is a volatile stock, getting back in at a dip.

[u/d33p7r0ubl3 → u/Financial_Doughnut53]

There’s an old saying:

Nobody goes broke taking profits, but they don’t get rich either.

[u/Financial_Doughnut53 → u/d33p7r0ubl3]

The holy grail. Knowing what to swing trade knowing what to hold and knowing what to never touch.

I am learning haha.

[u/UnintelligibleThing → u/d33p7r0ubl3]

Im confused by what you are saying though. Setting a small stop is the antithesis of diamond handing. Diamond handing is never selling even when you are down 50%.

[u/d33p7r0ubl3 → u/UnintelligibleThing]

I’m only talking about when your position is green. What you do when your position is red is up to you