Time 3:09

Trading Technique: Sell Discipline

When we own a stock that is up over 20% here is the basic exit strategy:

- In the event of a reversal day e.g. Doji stone, sell enough to get the gains off the table, leaving only the original position size.
- If the stock breaks below the 9 day moving average then sell 1/2 of the shares left in the position
- If the stock breaks below the 20 day sell the rest

Stock: CSIQ

The stock could be setting up a Doji stone anf the DMI is giving the 1st warning signal. Of course the 1st warning of the DMI is not very reliable on a stock that is up huge in a short period of time.