SNDL Inc.Long
SNDL 1hr TAKE PROFITS
Trending on Twitter. Trending on Youtube. On CNBC. On other media outlets. Yep it has all the hype in the world right now.
It's also up a million percent and there is nothing wrong with taking some profits.
Best way to play a stock like this:
1. Identify support and resistance.
2. Scale in, don't load the boat right away.
3. Take profits either by scalping or by scaling out your positions.
Please, PLEASE do not let people on social media or reddit or wsb scare you out of taking profits. Identify your profit/loss goals each day. Pick a target. When you hit that target, TAKE PROFIT.
Joe DayTrader on the internet, who makes fun of people with weak hands and those that sell, probably sold a long time ago anyways.
Protect your capital. Live to trade another day.
It's also up a million percent and there is nothing wrong with taking some profits.
Best way to play a stock like this:
1. Identify support and resistance.
2. Scale in, don't load the boat right away.
3. Take profits either by scalping or by scaling out your positions.
Please, PLEASE do not let people on social media or reddit or wsb scare you out of taking profits. Identify your profit/loss goals each day. Pick a target. When you hit that target, TAKE PROFIT.
Joe DayTrader on the internet, who makes fun of people with weak hands and those that sell, probably sold a long time ago anyways.
Protect your capital. Live to trade another day.
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