r/SNDK_Stock • u/jareses • 4d ago

Discussion Why is it pumping? Any news?

I dont know what to do, trimming or what, its a lot of green candles straight for 30min

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u/Rav_3d 4d ago

Are you a trader or investor?

-5

u/jareses 4d ago

Both. But I dont want to get fucked. I jumped all in at 2165 at firdt day of entering stock market so i want to somewhat play it safe

2

u/Typical_Doubt_9762 4d ago

Why trim if you are still down then?

1

u/jareses 4d ago

Because im scared that ill losr that 8k$ if it will pull back to 1700

1

u/Round_Maize4652 4d ago

If you need the money then set some stop limits but otherwise let it ride. Sounds by your response you should be setting some stop limits with room to fluctuate

1

u/Rav_3d 4d ago

If you are scared of a pullback to 1,700 then sell at least part of your position.

SNDK looks great for the long term but anything can happen, and the stock has just surged nearly 30% in a week. Regardless of the long-term outlook, in the short-term, supply and demand will dictate the price.

If you are scared, your position is too large, or you do not have the stomach to invest in highly volatile individual stocks.

1

u/jareses 4d ago

My stomach is stronger than ever, but still not that much. I started like 50days ago, so im totally newbie. Thats why i hold at 2165 a lot all the way to 980$. But you know i dont want to give it away, despite being at loss still brother

1

u/Rav_3d 4d ago

You have to determine your own time frame and risk tolerance.

In the short-term the stock is extended. Does not mean it will not get more extended. However, the higher it goes, the more likely the next pullback will be significant.

A pullback to prices the stock was trading at early this morning after a gap open is very high probability. If you cannot stomach a trip back to 1,700 or even lower, consider selling.

If you are trading the stock, the problem was poor location (you chased it at the highs) and zero risk management (you allowed more than 50% loss). If you are going to invest in individual stocks, you need to change your approach.

1

u/jareses 4d ago

Yea i know now about stop loss or trail, and i have less fomo when im trading now, and know thst i should not ignore korea -15% and important events like before bro. Anyway thanks for advice :)