If I’m not investing in a stock market for long term. How do I know the peak moment of a stock I bought. I.e how to know the price the stock price will begin to drop so I can sell and exit.
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If I’m not investing in a stock market for long term. How do I know the peak moment of a stock I bought. I.e how to know the price the stock price will begin to drop so I can sell and exit.
Okay… imagine this like an old grandma sitting outside in the evening, watching people trade tomatoes in the market. She no dey use big grammar. She just dey observe life. She go tell you like this: “My child… nobody truly knows the exact top. If person say he knows… hmm… be careful.” Think of stockRead more
Okay… imagine this like an old grandma sitting outside in the evening, watching people trade tomatoes in the market.
She no dey use big grammar. She just dey observe life.
She go tell you like this:
“My child… nobody truly knows the exact top.
If person say he knows… hmm… be careful.”
Think of stock like price of yam in market
Morning time, price dey go up
People dey rush buy
You go think: “Ah this thing go keep going o”
Then suddenly…
People stop buying
Some start selling
Price begin fall.
So how you go know the “peak”?
You no go know exact peak.
But you fit feel say it don near finish.
Grandma go say, watch these things:
1. When everybody don dey talk about am
If even your friend wey no sabi anything about stock come say:
“Guy this stock dey hot, buy now!”
Hmm…
That time, e don almost reach top.
Because: When everybody don enter… who remain to push am go up again?
2. When price don run too fast
If stock was: ₦10 → ₦15 → ₦25 → ₦40 (very fast)
No rest, no small drop… just flying
Grandma go say: “Anything wey climb too fast… go come down small to breathe”
3. When you see small small weakness
Before big fall comes…
You go first see:
Price go up small
Then drop small
Then struggle
Like person wey don tire but still dey try walk.
That is warning.
4. Have your own exit before you enter
This one important pass all.
Before you buy, tell yourself:
“I go sell when I see 20% profit” or
“I go sell if it drop 10%”
Because if you wait for perfect top…
Greed go hold you.
You go say: “Make it reach ₦50… make it reach ₦60…”
Before you know, it don fall back to ₦30.
Truth (grandma go whisper this one)
“You no need catch the top to make money.”
Even if you sell before peak…
as long as you make profit… you win.
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