Blow off tops and why you should utilize stop losses

NASDAQ:SEED   Origin Agritech Limited
I posted about Seed a few weeks ago. I purchased on the double bottom (80 Cents) and rode it to about 1.35, when my stop loss got triggered.

Its important to incrementally increase your stop loss trigger as a stock like this takes off or goes parabolic. The correction is brutal and you will give back all your gains if not. (As the stock increased, I had a trailing stop loss about 5-15% below the market price.

I wanted seed to go to 2-5 dollars but still was able to make a good 55% ish gain over the course of a month, also be able to identify what a blowoff top looks like. That nastly candle at the top is when you get out.

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