Should I trim some of my position? If so, how much and at what price to stay profitable should the phase 2 data be a catalyst?

**Consider trimming a portion of your position**, as the current overbought conditions and potential for a pullback or consolidation suggest that risk management may be prudent. Here's a suggested approach: 1. **Reduce Exposure**: Consider selling 25-50% of your position to reduce your exposure to potential downside. This will help you preserve gains and mitigate risk if the stock experiences a correction. 2. **Set a Price Target for Trimming**: Establish a price target slightly below the current resistance level, around $0.20-$0.22, to capitalize on potential short-term gains while protecting yourself from potential downside. This price range is near the support level, which may act as a floor in the event of a pullback. 3. **Leverage Stop-Loss Orders**: Place stop-loss orders below the 20-Day moving average ($0.36) or the previous support level ($0.20) to trigger a sale if the stock price were to drop significantly. This will help lock in your gains and prevent further losses. 4. **Monitor the Resistance Level**: Keep a close eye on the resistance level at $0.23. If the stock fails to break out above this level, consider trimming your position further to avoid being caught in a potential reversal. 5. **Phase 2 Data Catalyst**: If the phase 2 data is a catalyst for further price appreciation, you may choose to hold onto a smaller, more manageable position. However, given the current overbought conditions, it's important to be cautious about adding significantly to your position based on this data alone. By implementing these strategies, you can maintain a profitable position while managing risk in the event of a market correction. Remember to stay flexible and adjust your strategy as new information becomes available.