Stock Hideout - View Single Post

mightybridge · Sat, 06-03-2006, 12:11 PM

It's the hardest thing in the world to do but if you want to protect your capital and make it grow, you MUST take profits -- consistently. Don't ever believe the hype that the longs in the stock will spew. Assume that there is no news and that there is nothing but the chart. Obey it all times, without exception. If you ever have any doubt about whether the strength of a move up is fading, immediately lock in profits and ask questions later. There is no worse feeling in trading than watching a tidy profit slide into a loss, and morph into a large loss. I did that far too often as a novice newbie. Don't do that! EVER!

Hit and move. Sting like a bee. Take small profits and watch your account grow exponentially. Remember that if you do not take your profits, some other trader, one like me, will take them from you. If you find yourself in a stock with me you can always be sure that I will be taking profits without hesitation.

Sat, 06-03-2006, 12:11 PM	#7 (permalink)
mightybridge Super Member Join Date: Apr 2006 Location: Canada Posts: 514	Random thoughts on profit taking It's the hardest thing in the world to do but if you want to protect your capital and make it grow, you MUST take profits -- consistently. Don't ever believe the hype that the longs in the stock will spew. Assume that there is no news and that there is nothing but the chart. Obey it all times, without exception. If you ever have any doubt about whether the strength of a move up is fading, immediately lock in profits and ask questions later. There is no worse feeling in trading than watching a tidy profit slide into a loss, and morph into a large loss. I did that far too often as a novice newbie. Don't do that! EVER! Hit and move. Sting like a bee. Take small profits and watch your account grow exponentially. Remember that if you do not take your profits, some other trader, one like me, will take them from you. If you find yourself in a stock with me you can always be sure that I will be taking profits without hesitation. __________________ I am not qualified to give advice. NEVER make ANY decision because of my posts. If you trade based on my excited ramblings you are a complete moron!