I can't help but share a few thoughts: $BTW has closed higher for five consecutive days, up 33.79% in total.
A few years ago, whenever I saw a winning streak like this, I'd get impatient and sell on the third or fourth day, only to watch it keep rising for several more days. Later, I did the opposite and stubbornly held on, only to see a big bearish candle wipe out more than half my paper gains. These days, I manage my position with a trailing stop and don't try to guess when the streak will end.
Today's candle is down 0.49% so far, and it looks like it might be about to turn. I'll keep an eye on the close for now. What would you do in this situation?
A few years ago, whenever I saw a winning streak like this, I'd get impatient and sell on the third or fourth day, only to watch it keep rising for several more days. Later, I did the opposite and stubbornly held on, only to see a big bearish candle wipe out more than half my paper gains. These days, I manage my position with a trailing stop and don't try to guess when the streak will end.
Today's candle is down 0.49% so far, and it looks like it might be about to turn. I'll keep an eye on the close for now. What would you do in this situation?