Why I Held $RKLB Through Volatility š
I don't use stop losses like that.
I have two forks in the road when it comes to managing a position.
1) level management
2) thesis management
For my style (swing trading equity), a hybrid of both works best.
Level management includes:
- technical levels
- stop loss
- profit target
If stock hits one of those levels, I manage accordinglyā¦but I do have flexibility here.
Thesis management:
- has the thesis changed?
- become stronger or weaker?
- still fully intact?
If a stockās thesis remains solid, I stay in almost automatic. But I have zero flexibility here. Thesis breaks = Iām out.
Those are the two parts.
If thesis breaks, Iām fully out.
If levels break, Iām *usually* out.
Because key levels are important, but thesis + narrative matter more for me personally.
For example, Iāve given $Rocket Lab USA, Inc.(RKLB)$ a super long leash the past month(s) because although it chopped around + tested some of my levels, the thesis was stronger than everā¦so I held.
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