Posted by jackbnimble on 13th of May 2021 at 09:56 am
Anyone have advice for taking profits? I got in on the system
trade from last night and am up 10%. I’ve jumped the gun in the
past, but I’m really tempted to take profits. Do most of the folks
on here hold until the system closes or just close whenever you hit
a personal threshold?
Posted by retirefire on 13th of May 2021 at 10:26 am
Note Steve's post of resistance levels, you can put stops just
below them when they are broken as they now become support.
Kind of like Matts higher low theory
as you know we can't give financial advice. That said it depends
on the instruments you purchased. If you bought the ETF clearly you
can choose to sell or sell 1/2 if that makes you feel good.
Now for the option trade, if you only bought one option you
can't obviously decide to sell 1/2, but if you bought more than 1
option to me that would be temping to sell one or some of them
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Anyone have advice for taking
Posted by jackbnimble on 13th of May 2021 at 09:56 am
Anyone have advice for taking profits? I got in on the system trade from last night and am up 10%. I’ve jumped the gun in the past, but I’m really tempted to take profits. Do most of the folks on here hold until the system closes or just close whenever you hit a personal threshold?
Note Steve's post of resistance
Posted by retirefire on 13th of May 2021 at 10:26 am
Note Steve's post of resistance levels, you can put stops just below them when they are broken as they now become support. Kind of like Matts higher low theory
Set a profitable sell stop
Posted by watcdy on 13th of May 2021 at 10:24 am
Set a profitable sell stop and just keep adjusting it
hey Jack - love the
Posted by matt on 13th of May 2021 at 09:59 am
hey Jack - love the username BTW LOL.
as you know we can't give financial advice. That said it depends on the instruments you purchased. If you bought the ETF clearly you can choose to sell or sell 1/2 if that makes you feel good.
Now for the option trade, if you only bought one option you can't obviously decide to sell 1/2, but if you bought more than 1 option to me that would be temping to sell one or some of them