PLS.ASX: Locking in Profit at 6.25% and 6.18%

Today we locked in profits on our Pilbara Minerals (ASX: PLS) trade, exiting portions of the position at +6.25% and +6.18%.

Why We Took Profit

• Lithium markets remain choppy — spot prices are still trying to base, and volatility is high.
• PLS had a sharp bounce from the recent selloff, giving us a clean opportunity to trim.
• Protecting gains is part of disciplined trading. Sometimes it’s better to bank a solid move than gamble on squeezing out a few extra points.

The Trade Recap

• Entry: Built into weakness after a 5% sell-off.
• Exit: Scaled out at 6.25% and 6.18%.
• Holdings: Retained a smaller core for longer-term lithium exposure.

This hybrid approach — trimming into strength while holding a core — lets us de-risk while keeping skin in the game.

What’s Next?

• Watching for signs of stabilization in lithium spot prices.
• If prices grind lower, we may look for another discounted entry.
• If momentum builds, the retained core position will continue to ride the wave.

Final Word

Profit-taking isn’t about being bearish on Pilbara or lithium. It’s about managing the trade with discipline.
We locked in +6% returns in a volatile sector and still maintain exposure to the long-term lithium story.

Sometimes the best move is simple: take the win, reduce risk, and wait for the next setup.