On May 31st, the oniel disciples talked about their current strategy of taking quicker profits in this current market. Taking profits when you have them and using tight stops. Should I employ this strategy for now as well?
Currently, many of my stocks have moved up as I’ve purchased them coming out of bases and after pocket pivots or gap-ups. And they’re almost all sound stocks with record revenues and the like.
And I could have taken profits in my last round of gains on SWN glncy cray ino oclr, etc and locked in much better gains. Instead I decided to wait for retests of longer term moving averages.
In that case I would have made more. But…. Is it worth missing out on the next big bull run? That is still up for debate.