With the pre-market rvol & action stocks, I notice that price often moves between levels. The move between the level is not a straight line, it's often all over the place, but it often hits those key levels. I think I should look at sell some of my position (25-50%) once the trade goes decently positive, 25-33% when it's 50% to next level, and the remander at the next level. At the least I need to hold some shares for the next level.
Daily Journal
TL;DR
This blog post discusses strategies for trading stocks based on pre-market volume and price action. It emphasizes the importance of selling portions of a position at key levels to maximize gains while holding some shares for potential further increases.
FAQ
The blog post focuses on trading strategies related to pre-market volume and price action in stocks.
The post suggests selling 25-50% of your position once the trade is positively moving, with additional sales at key levels.
Key levels refer to significant price points where stocks tend to change direction or experience increased volatility.
Holding shares for the next level allows traders to capitalize on potential further price increases after a positive move.
The author recommends selling 25-50% when the trade is positive, 25-33% at 50% to the next level, and the remainder at the next level.