" Profit too belong to me very much. *Everyday Market value of my Portfolio is my Everyday Purchase price" - I have had pretty much the same journey as you on realizing that capital invested in the market is not the money I put in but the current value of my investments.
Currently, I am using the 50DMA to exit stocks where I feel valuations are high (PEG>2), stock hasn’t moved after great results and QoQ and YoY results will stop showing multiple digit growth. I feel such stocks will sooner or later enter stage 3. A case in point is KPIT, I exited at 1500 despite great results as 50 DMA has been breached multiple times and Q1’25 will definitely be lower that Q4’24 - enough for derating to start. Let’s see how this thesis plays out
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