Locking in Profits: Selling PLTR at $81.50

Today, I sold more shares of Palantir (PLTR) at $81.50, which I had purchased earlier at $71.84. This trade reflects a solid profit from my strategy of buying near support and selling at resistance. 💰

📉 Buying at $71.84

A few weeks ago, I identified $71.84 as a strong support level for PLTR. By acting decisively and buying during the pullback, I positioned myself to benefit from the stock’s subsequent recovery. This reinforces the value of technical analysis in spotting opportunities. 📊

📈 Selling at $81.50

Today’s sale at $81.50 allowed me to lock in significant gains. This price was close to a resistance level, making it an ideal exit point for this batch of shares. Selling at the right time ensures that profits are secured before the market turns. 🚀

Key Takeaways

1️⃣ Buy on Dips: Recognizing support levels like $71.84 enables low-risk entry points.

2️⃣ Sell at Resistance: Selling near resistance, as I did at $81.50, ensures optimal profit-taking.

3️⃣ Discipline Matters: Sticking to a defined strategy and not being greedy pays off in the long term.

This trade showcases the importance of planning and timing in maximizing returns. 📈

⚠️ Disclaimer

This is a personal account of my trading decisions and should not be considered financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions. 📊