Most of people are still holding BIMB from RM2.45 until now. Current price RM2.73. Profit around 10%. When to let it go? Harvest Time?
We do not know where is the peak, we only know that the uptrend still there. For this moment, we have to set our bottom line. Protect our profit 1st. For me, I will set the exit level at RM2.67, around 8% profit. If the price drop until RM2.67, I will harvest it.
How about if the price goes up until 20%? Just set your exit level higher, maybe 16%. Then we just Hit and Run!!
In the other way, if we bought a stock at RM1.00. After we bought it, it start to drop. We also need to set the exit level, cut loss, to protect our capital. How many % should we cut loss? Ideal way is 8%-10%. Remember, we must protect our capital/bullet only we can continue for our trading/battle.
Please apply this rule for every stock that you are holding.
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