I sold 50% at R118-00. Should I 1) sell the balance and sit on cash 2) sell the balance and go short 3) just hold on to it My cost is 105-00 so if theres a pullback it could well go there. Any thoughts? What do the TA experts think?
What did you base your entry of 105 on? Did you just decide this was a great share or did you have a reason to trade it?
TA is on the verge of a pull back but not solid enough to confirm the trend quite yet. Your exist should be based on what you wanted when you got into the trade. If your exit was 115/120 then get out at your target. Don't worry about the extra few rands. Good traders always leave a little extra for the next (appetite for greater risk) trader. When you want to get back in then buy when it gets back to your levels you feel are worth entering again. OMO
bought at 105 coz there was a technical breakout. A close above 114 was very bullish but if the whole market comes down, im sure acl will follow. Im happy with the profit so im selling the balance. This market seems overheated and this could be the start of a correction.