๐ง I often get the question HOW I decide WHEN to close a trade.
Circumstances differ, but $LYFT (LYFT Inc) (closed yesterday at +88%) is a great example of what's probably my favorite case, because it is so clear:
โ Strong performance
โ Close to price target
โ Quicker than expected.
๐ What did this look like in the Lyft investment:
Bought at: 13.18 $
Sold at: 24.77 $ (+88%)
โBut what's really important is the TIMING:
Opened: 14 January 2025.
Closed: 12 November
--> so total time invested was just 10 months!
๐ This was a very good return on capital and time.
I reckon there might be another 2-3 $ left in the stock price. But that's perfectly fine to leave to others, I am a happy seller at this return rate.
The capital which was committed for the past 10 months to the Lyft position is now free again, and can be deployed to new investments with higher return potential. ๐ฐ... Show More
I am also great with the results and these are more then perfect. Keeping them to long brings only a larger downside possibility that doesn't justify the risk for a few more dollars.
I can see i added money in the right time as 1 position closed at 109% and the other at 87.9%๐... Show More