Why I Bought IBIT at $49.72

I spotted something interesting with IBIT (the Bitcoin ETF). Two things caught my attention:

The price broke above a key line - Think of it like a ceiling that finally got broken
It jumped above its 50-day average price - This usually means the stock is getting stronger

It wasn't just a small move up - it was a big jump, which made me think "this might keep going higher."

I use NovaChart to calculate my position sizing and keep track of my trades in a journal - plus I get AI feedback on my trades which really helps

How I Managed My Risk (The Smart Part)

Here's what I did to protect myself:

Bought at: $49.72 per share
Set my "get out" price: $48.50 (if it dropped to here, I'd sell everything)
Bought only 12 shares - I didn't risk my whole account on one trade

The most important thing? I only risked money I could afford to lose. If this trade went bad, I'd lose about $15 - not enough to ruin my day.

What Happened Next

For a few weeks, IBIT kept climbing higher. I watched it go from $49 to $55, then to $60. It was exciting but also nerve-wracking!

I had originally hoped to make 20% profit (around $59.66), but the stock kept going up even more.

Why I Sold at $61.77 (Even Though It Might Go Higher)

On May 23rd, I noticed the stock wasn't moving up as strongly. Even though I was making good money (22% profit!), I decided to sell because:

I already made more than my goal - 22% is great!
Better to take profits while winning - I've heard too many stories of people who got greedy and lost everything
The trend looked like it might change - Nothing goes up forever

The Results

Bought: 12 shares at $49.72 = $596.64
Sold: 12 shares at $61.77 = $741.24
Profit: $137.04 (that's 22%!)

What I Learned

1. Have a Plan Before You Buy

Know when you'll sell (both for profits AND losses) before you even buy the stock.

2. Don't Risk More Than You Can Lose

I only risked $15 on this trade. Even if I lost it all, I'd be fine.

3. Take Profits When You're Winning

I could have waited for more, but 22% profit in a few weeks is amazing. Don't get greedy.

4. It's Okay to Leave Money on the Table

The stock might go higher after I sell - that's fine! I made good money and kept my sanity.

Final Thoughts

This trade taught me that successful trading isn't about hitting home runs every time. It's about:

Making small, smart bets
Protecting your money
Taking profits when you're ahead
Not getting too emotional

My $137 profit wasn't life-changing money, but it showed me that with patience and a simple plan, even beginners can make money in the stock market.

Want to try similar tools for your trading? Check out https://novachart.info for position sizing calculators, trading journals, and AI feedback on your trades.

This is just my personal experience. Always do your own research and never invest money you can't afford to lose.

IBIT Trade: How I Made 22% Profit