Coulda Shoulda Woulda has no place in an arsenal of a seasoned trader. Each position has to run its full coarse, whatever it is. Mine is x3 of risk, I'd rather be stopped out than accept a crap deal. I've heard it so many times people say "profit is profit, at least it's not a loss". That attitude hardly ever is sustainable.
Buy1sell2 had about nigh 13 point profit in the bag this morning and now he is gonna let it slide right thru his fingers....again. I'd vote to hell with running the course and the rules...ad nauseum. The market gives me 13 points i'm taking them. He already had a goodly profit (went long friday at 2372.50) went up to 2278 monday .. then he proceeded to ride it all the way down yesterday to nigh getting stopped out. He got lucky and got another push back up to 2285 yesterday and last night. Now he is riding it back down again. In my books thats crazy. Me thinks he should perhaps not be talking about fear but more about greed. The market doesn't care abit about ones rules. Anyway, maybe he will get lucky again today and get another push up. If he does then he best make haste and grab his profit. A body just can't tempt luck too much..too often. Or he could just go back to day or weekly swing trading as he isn't intraday trading by no standards, imo BUT good luck to him. Maybe it will work out for him.