Happened with me this month. Not taking tips or engaging in office talk, but getting sloppy, unfocused and greedy after a very good September. The result was a drawdown this month.
Oh, so there is only one way to do it? That sounds vaguely religious. Be sure to tell your one true god that I said hello.
This sums it up. Years ago I found that using a trailing stop the height of the first wave, since I'm trading a reversal price pattern based on the first flag, would have worked fine and made a lot more money than just getting out when I think I have "enough" profit. Currently long UCO, will try it and report back. *edit- already bailed, sold for slight profit And I just cut about five winners the past few days. Not easy buying them back at this point.