$SNDK Long positions opened at 1800 are trapped more than 140 points deep—if there’s a rebound to 1659, should you hold or cut?


Brothers, this round of SNDK is brutal. It has been smashed all the way from 1800 to the low of 1622. Those who went long near 1800 are now stuck with nearly 140 points of unrealized loss.
Look at the chart:
1-hour current price is 1657, far below the BOLL middle band. MACD is negative, but the fast line has already crossed above the slow line. Downside momentum has slightly weakened. RSI is 34.54 and close to oversold, so an oversold rebound could happen at any time.
Exit strategies:
For light positions: Reduce by 1/3 near the current price. If it rebounds to a resistance level, reduce another 1/3, and keep the remaining position to bet.
For heavy positions: Use the rebound to cut aggressively. Cut half near the current price, then cut another 30% near the resistance level, leaving only 1-2% in position to wait for a strong resistance area to exit. If you’re deeply trapped with heavy positions, survival comes first.
Conservative approach: Stop loss directly near the current price and exit. Wait for a pullback to 1608-1620, then re-enter. Lose a little less and you’re winning—there are plenty of opportunities.
The Dow is up, but SNDK is independently weak—don’t numb yourself with U.S. stock sentiment. If the middle band can’t be reclaimed, the bearish trend won’t change. Every rebound is your escape route to reduce losses—don’t wait until it drops back to 1600 and then regret it.
Different position sizes call for different strategies; the specific situation requires specific analysis.
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