Smart move taking partial profits on OKTA even if it's just 3%. The risk managment approach of scaling out when you sense a local top is definitly more disciplined than holding everything and hoping for the best. I've been watching OKTA myself and the price action has been kinda choppy in this range. Given your indicator nailed SPY Target #3 after 2.5 years that's seriously impresive and builds confidence in your approach. The fact you're transparent about the crypto portfolio struggles while the stock side is crushing it is refreshing. Most traders would just cherry-pick the wins. Your point about preserving capital after reaching final targets is critical. Too many people get greedy at tops and give back all their gains. Curious what your longer term view on OKTA is if we do get a pullback from here. Would you look to re-enter or is this more of a tactical trade that's played out for now?
I couldn't really weigh in on the long-term analysis of OKTA as I haven't studied the fundamentals at all. I mostly swing trade on this channel, and I occasionally study fundamentals of larger companies (i.e., Magnificent 7) as they do have a larger macro-economic impact. For now, I am keeping my strategy as simple as possible. Buy when the indicator tells me to buy and sell when the indicator tells me to sell. Anything else I do in terms of analysis is simply confirmation of the trade entry.
Smart move taking partial profits on OKTA even if it's just 3%. The risk managment approach of scaling out when you sense a local top is definitly more disciplined than holding everything and hoping for the best. I've been watching OKTA myself and the price action has been kinda choppy in this range. Given your indicator nailed SPY Target #3 after 2.5 years that's seriously impresive and builds confidence in your approach. The fact you're transparent about the crypto portfolio struggles while the stock side is crushing it is refreshing. Most traders would just cherry-pick the wins. Your point about preserving capital after reaching final targets is critical. Too many people get greedy at tops and give back all their gains. Curious what your longer term view on OKTA is if we do get a pullback from here. Would you look to re-enter or is this more of a tactical trade that's played out for now?
I couldn't really weigh in on the long-term analysis of OKTA as I haven't studied the fundamentals at all. I mostly swing trade on this channel, and I occasionally study fundamentals of larger companies (i.e., Magnificent 7) as they do have a larger macro-economic impact. For now, I am keeping my strategy as simple as possible. Buy when the indicator tells me to buy and sell when the indicator tells me to sell. Anything else I do in terms of analysis is simply confirmation of the trade entry.