What a rude response designed to abort constructive discussion now and forever. Who the heck do you think you are?
You must be lawrence-lugar's alter ego if you consider his rude posts constructive discussion. He trolls every single thread that I see including my own. Please invite him on your threads because he is not welcome to post on any of mine. I am a respectable person and I have zero tolerance for this nonsense that he posts.
This is the correct approach, rin4et, because it's the only one that works. Lawrence sometimes speaks very plainly, sometimes even "outspokenly", but he often has a point to make, too (as indeed he did here). Sure he was very direct and it was plain-speaking, but if that really felt like "trolling" to you, you're honestly going to have real problems in this forum. I'm saying this supportively and with helpful intentions only, but it isn't "yours": you don't own a thread, here, just because you started it. You can see from this one exactly what I mean: you can't stop others from sometimes saying things you don't want to hear, as long as they're not insulting (which he wasn't). The moderators will very efficiently remove insults and name-calling, if you ask them to. I'm not suggesting that that's either good or bad in itself, but it's undeniably "the way it is" and - as I discovered, myself, when I was new here - if you don't accommodate that and allow for it, and just ignore it, it's going to be tough. Good luck!
%% When i dont know i may guess;may not help daytrading, because i measure weeks, much more than a day. But as far as taking profits early[leg] or late; i much prefer late, but i'm HYPERSENSITIVE+ prefer polite, +superTrends. IF i had super limited funds, or it really, really changes LOL after i got in ; i could take profits on first leg/ early[part] of a trend, or cut a loss.BUT i also prefer profits over my own opinion so i dont daytrade/mini profits.
Yes, I'm not going to argue with that. But he has no malice. It's just his style and people like me who dislike it really have to ignore it rather than complain openly about it, because that achieves nothing?
I keep him in context. Is his post worse than my worst trade of the quarter? Because I kept a level head after pissing away that much money. Maybe he's often frustrated after bad trades--I'll give him at least that much benefit of the doubt.
If i think there is gonna be another 'leg' up, I would BUY more. If not, then i would sell. I find it interesting you haven't considered this option. Look, when you are right on something, you can't own enough (Soros/Druckenmiller). Presumably if you are wrong on something you want to own as little as possible.
I think what the OP was referring to, and what LL was asking about, was regarding a typical "N" formation. "Legs of a move" as it were. Similar to some of those "M" and "W" formations we see here and there. Bingo.