Menu Close

Protecting my equity

QuestionsCategory: QuestionsProtecting my equity
Rony Seikaly asked 1 year ago

Hi Pat, I am having a problem protecting my equity high. How do you control that when you have multiple positions?

1 Answers
Avatar photoOwen Staff answered 1 year ago

Hi Rony,
Pat made this video for you...
https://youtu.be/pgAusff2FB8
Notes from Pat:
Rony, Good question! Focus on CLEAN AND SIMPLE BASES. AND THIS IS THE KEY. PRICE LIFTS? SELL SOME INTO STRENGTH. Just 20%. Continue doing so. Price starts to fall?
SELL MORE.
Keep selling.
THIS WORKS! AND KEY ON DAILY CHARTS AND SOMETIMES HOURLY.
Also...Don't have too many positions. 8 tops.