Stock Sell of STKL

After our STKL stock showed 3 red arrows a few days ago, we decided to sell it for a $0.01 profit at $9.21. That’s a %0.1 profit in 1 month. Not that great but anything in the black is better than being red. What happened here reinforces our original strategy: we are looking for short-term momentum plays. This stock was held too long; at its peak the price was up 33%. Are we saying we should have sold at its peak? No; that’s impossible too tell. What we should have done was have an exit strategy. Decide ahead of time at what point to sell. For stocks, 20% would have been ambitious. For options, we will typically set a limit to cash out at 100%. Finding points of resistance or support will weigh in to our exit strategy.
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