Tricks of the successful trade : entry, exit, price, position size, risk , upside and strategies

[hanera]

@pandeyathotmail

@hanera and @caiguycaiguy how do you come up with selling decisions as you did in case of SQ. Why did you not keep it holding? Why do you think it is peaking out? I think the question becomes what distinguishes a hold stock from sell stock? Please reply in the tricks thread so that it is easy to go back to for reference on a later day.

Cut n paste from the same thread of your question Completion of intermediate degree wave i soon, assuming it is not an extended wave (refer to EWT, can web search). The price is fairly close to previous high of $82-$83. Traders tend to sell near round numbers of course, sometimes undershoot, sometimes overshoot, a little. I have a few position, close SQ so I can spend more time on VEEV and TWLO. Missing a few dollars is ok in the grand scheme of thing.

I am holding SQ in a trading account, obviously I trade Seriously, I don’t have enough money to hold stocks. The only buy n hold equities I have are AAPL and S&P index fund Thought I said many times For buy n hold, I don’t monitor price charts, care more about leadership, business model/ strategy and competitive environment (esp moats). Btw, I like Jeff Lawson CEO TWLO better than Jack CEO SQ.

Edit:
IMHO, TWLO and SPLK are buy n hold candidates as their tech can be “infrastructure” for others apps as such could be around for a long time. SQ has tons of competitors, WS favors PYPL. However, I sense Jack is ambitious, he has big vision, so if you are willing to bet on him, is ok to buy n hold and hopefully one day can enjoy the big Tesla moment.