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BWdem4life

(2,504 posts)
8. Depends on how quickly or slowly the price moves
Sun Jan 7, 2024, 10:26 PM
Jan 2024

I only buy/sell once a month. If the price goes up 15% within the first month after my initial purchase, I'll usually sell. Each consecutive month after that I'll add 7%, so if I'm up 22% in 2 months, 29% in 3 months, 36% in 4 months etc. then I'll sell. So, I could be holding it short-term or long term on this basis. And obviously if it takes so long that my calculated sell price has gone above a reasonable amount, I'll just sell when the time seems right - probably if it's at least 70% of the most recent historical high. So, 70% of 15.00 = 10.50.

Buy: 4.21

Sell:

month - price

1 - 4.84
2 - 5.17
3 - 5.43
4 - 5.73
5 - 6.02
6 - 6.32
7 - 6.61
8 - 6.90
9 - 7.20
10 - 7.49
11 - 7.79
12 - 8.08
13 - 8.38
14 - 8.67
15 - 8.97
16 - 9.26
17 - 9.56
18 - 9.85
19 - 10.15
20 - 10.44

21+ - 10.50

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Latest Discussions»Culture Forums»Personal Finance and Investing»I don't know what just ha...»Reply #8