Bear with me as I’m a simple trader and really put most my money into 401K and a target date fund, but my Roth IRA is my play account.
I see all sorts of posts asking if someone should sell XYZ shares now because of XYZ reasons and I am wondering why people don’t just use trailing stops and forget about it?
Good example being Nvidia. Their growth recently is crazy from the AI hype, and I’m up way over 20% on them, so instead of gamble missing out on more upside by taking gains now, wouldn’t it make sense to just set a trailing stop if like 10-12% and let it play out?
I mean sure, I stand to lose 10-12% of my gains if they tank from here, but I could lose more if I sold now and they keep going up. Or am I thinking about this all wrong?
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