Damn.... and I thought we were all going to be rich.
Feels like the Harden 3 pointer from half court in the 2012 playoffs. Wall St. never loses.
I'm in this long-ish term, so no biggie until losses start to pile up.
This is where siffguidance should be helpful.
"Don't let a winner become a loser."
OK, some of us are up something stupid like 40% in like 3 weeks. What's your tolerance there? This could be a long-term hold for the potential it possesses. Given the nature of the technology, it could also be highly volatile. Do you look at dips as opportunities to add to your position? Do you set a floor in the 15% range and say I won't leave with profits less than that? Do you set it closer to your basis to keep from losing and give yourself more leeway for any swings that might occur? Balance exit strategy with potential volatitity.