Below is trading record of one of my follow traders, he invested less than $20k and made $1862 (or +9.8%) net profit, WITHIN the same day. he did not asked me before closing position, otherwise, he would be able to hold a bit longer and get $800-1000 more profit(right click and save the pic, you can read exact figures):
I will say, to chase high for Y venture definitely is not an option. It was a great opportunity yesterday, but it is a downtrend stock, the move yesterday is just a rebound although super strong. Since it is a downtrend stock, it is not advisable to hold it for long term as we will expect price to sell down or had some pull back after a rebound.
For those who already bought Y venture according to my trading call, you already have a nice profit and you need to consider sell at a good price so as to can maximize your profit and minimize your potential profit.
For myself, I will consider sell already, especially with the news that overnight US mkt tumbled because of weak job data. Generally I will consider closing the position on today market opening. I am not saying Y venture is 100% impossible to go higher, but the potential is quite limited already while this downtrend stock can pull back and return a lot profit to the market. If you have the skill set to catch rocket stocks systematically like me, I think you will also pocket in the profit happily and look out for other opportunities in the market, like what I will do.
Overnight US mkt was not very good, indices tumbled because of the weak factory data. Therefore the market is likely to be weak this morning and STI likely to gap down.