Triple leveraged drawdown selling rule

[fenders53]

(04-06-2021, 06:49 PM)ken-do-nim Wrote: Yeah, well right now I'm learning about trailing stop % and trailing stop prices so one day at a time  Trailing stop price is exactly what I was looking for, and answers the "what if I go on vacation" question nicely.  Instead of just tracking the sell-if-it-falls price in a spreadsheet, I will enter these trailing stop price sales, and Etrade will do this for me automatically.

That will work best if you get your strong run up front which it seems you did in 2020.  Picking the right stop will be an art as it is easy to get taken on a dip that only lasts a few weeks before the next ascent.  As the saying goes nobody ever went broke taking a profit.  You'll find the plan that is right for you.