I sold a handful of stock today. Pocketed around 25% gains. I'm speculating some more dip coming next week. Should give me the opportunity to buy back in and grab some other companies I've been eyeing. Seem like a lot of the big dog companies reported earnings this week and got the speculators buying and pushing up the market. Not sure if there will be as much excitement next week. That's my wild ass guess anyway.
I spent 40K on stocks Friday, really sold nothing, everything was down. Gotta await those really red days to shop and get it done. I felt like I bought a bit high on some, but stocks are gaining value slowly.
Friday's lows could continue on Monday, futures should give some insight tomorrow night.
As these stock consistently gain, more aptly
regain, their pre-covid value I try to figure a percentage on the new 'high'-to-next-dip ratio with each step up and buy accordingly. So far so good, but I've left some meat on the bone too with sell limit orders. Things are trending up slowly but surely and it's easy to miss that new high ($) with a sell. Set too high and the stock misses the sell and heads right down on rough days--opportunity lost. Set too low, profit lost as well.
It's nuanced.
I have no idea ultimately, but I'm thinking we have from March to August ? to really take advantage of this market for serious money. I miss alot of March trying to learn the system. April was very profitable. Overall I'm striving to triple my original investment.
The exception left to fly on it's own is CDEV. At 20K shares (and I'm done with adding unless its 40 cents) it's sink or swim, but I'm hopeful that in 15 months it will be worth six figures.
If that happens I hope some of you are right there with me.