Quote:
Originally Posted by jb514
Sometimes it helps to take some off early. I frequently take off like 1/10 or 1/8 when I get a move just to take off some pressure. It probably doesn't makes any real difference in terms of pnl, but it psychologically makes things easier.
I feel like holding winners helps nearly every strategy, from my swings to even my shorter term scalps. Sometimes you give a lot of open profit back, but that's just part of trading. No one is a trading genius who can pick perfect entries and exits.
Yeah, psychology is such a huge factor in trading, maybe booking wins on a small % of the position will help out with the next plays..
Rafiki,
HD, i slept at the wheel, I had a put position i started right before the ER , @ around 1.8 , i saw it worth to 6+ on intrinsic value , and saw the combination of Goldman upgrade, new housing starts number, and jim cramer pumping it for me to lose everything as the puts expired worthless,
i had a good 20 minute window when the housing report to get out at profit and I did not take it..