If you think you see the top and can pick a downtrend then you should sell. Problem is you’ll only really know if you’re correct in hindsight, as there’s some macro event touted as the next downtrend several times a year. When a growth stock like Xro keeps hitting their numbers you’re open to the possibility of missing the next leg up. So for instance whilst there may be trades to have from the low 30s to the mid 30s how will you feel if you miss out on the next leg up to 40+ while you’re waiting for a reentry. Just depends on your investment approach, personally I’ve made the best gains by just sitting tight. Anyway all just my opinion, and there’s 20 ways to skin a cat in the market.
Add to My Watchlist
What is My Watchlist?
