064 - When to Sell Into Strength
from The Trader's Mindchat Show Hosted by Michael Lamothe
Selling into strength can be challenging. The trade you bought is doing exactly what you wanted it to do...its going up! And now you're expected to kick it to the curb?!? That's right! ...At least part of it. It's counterintuitive. You wouldn't get rid of other things that are working the you want would you? It may be helpful to think in terms of farming. There's a time to plant. There's a time to grow. And there's a time to harvest. IF you never harvest or if you harvest too late, you might starve. This is closer to what trading and selling into strength is akin too. In this live stream, we're going to talk about harvesting your profits in better, more reliable ways. 1. Selling based on 'R' multiples 2. Selling based on character changes Connect with us on: • Website: https://marawealth.com • Instagram: https://www.instagram.com/michaelglamothe • Twitter: https://twitter.com/MichaelGLamothe • YouTube: https://www.youtube.com/marawealth • StockTwits: https://stocktwits.com/MichaelGLamothe
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