PLTR - General Strategy Discussion

31 Mar 2021

To be clear, this is a chart for PLTR but the general conversation could apply to any swing trade. Also, I'm not looking for advice on my PLTR play, just curious to hear other peoples perspectives and strategies.

My double bottom PLTR play is looking like it could be heading in the right direction (still couldn't fall apart...). If the price hits the neckline, I'd be at a 30% gain. That's a damn good return for a few weeks in a swing play. BUT... if the neck line breaks and the W finishes... I could be looking anywhere from 60-70% gains.

What do you all do when you're in a situation where your play isn't finished, but you already have a very good return. Getting greedy can be dangerous... but sticking to your gut on a call isn't a bad thing either. Just looking for personal opinions and strategies (again not specific to PLTR or my play).