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Profit Taking
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1:42 pm
May 5, 2009


Nakedtrader

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I'm always having trouble cashing in my winning positions. Most of the times I let my profits run until it turned against me and pushes me out without any profit. Can anyone share me some advise on this? When do you take profit?

3:57 am
May 6, 2009


Madnesz

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posts 9
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It is important to have a trading plan whenever you enter a position. That is, before you buy a position make sure you decide at which level you will sell it again; both for losses and winnings.

4:52 pm
May 18, 2009


Administrator

Admin

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Have you read our skills training? Especially the Money Management and Self Control trainings might be useful here.
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