I got caught up in this when we were trading below 8 cents. At the time, when it shot up to 30 cents, I thought it was good that I had sell orders in place. Thinking I was sooo smart. But the smart investors were gobbling up the shares at 30 cents because they saw the momentum had changed and we were skyrocketing. I sold some more at 60 cents, thinking I was even smarter. But again, the smart investors were gobbling up shares at 60 cents.
I look at our current situation and wonder, if I go ahead an put a sell order in at $3, is this going to be another repeat where the smart investors will be gobbling up shares at $3 because they know its on its way past ten bucks. How do you guys figure out your sell point. Too personal a question to ask on a board perhaps. I thought I was doing great selling for 60 cents after being under 8 cents for so long. No idea how traders can do what they do.
Anyone share the confusion? Yeah, I know, be happy at $3 and don’t 2nd guess if it goes to $20. Just hate to once again leave that kind of money on the table.