shall i still hold to ire or sell it?

Answers

Informer answered a question in General Market.
195 points

Informer answered 7 months ago …

I guess that depends on the price at which you bought the stock.

If you bought it close to its bottom then you might consider taking your profits. The stock has risen dramatically and is now approaching its resistance level, so it could turn back down again.

Your best bet is to put in a tight stop loss order 10% below the current price. This way, if the stock drops you'll still hold onto a great deal of you profits. And if it continues to rise you can keep participating in the upside. Just keep moving your stop losses up with every 10% move in the stock.

Good luck!

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