ideas for profit taking

And then? You spectacularly blew up

 

You exit taking a profit at the point/time where you think, started to turn against you.

If you try exit, at what you think is the high then there will generally always be another high and another and another, better to lose a little off the top then cut it short and take a small profit.

p.s. your Max loss will be your account value ??? Accounts can go negative

 

%%
I see your point;
but not so much going short that got them in to trouble.
MS market maker rightly named it= insane leVerage. That + like they say in Chicago- the smarter you are= the longer it takes.LOL............................................................................................................................................................................................,,

 

They were printing money from 1994-1998.

 

You forgot to say "NOT A PREDICTION"

 

A little too levered for my taste..

"At the fund’s height in 1998, LTCM had approximately $5 billion in assets, controlled over $100 billion, and had positions, whose total worth was over a $1 trillion. At the time, LTCM also had borrowed greater than $120 billion in assets."

 

%%
I agree;
with about 88.777 %of that.Actually except for all the insane leverage/insane leverage, Russian bonds-LOL;they thought+ i thought they would be/ were smart to fail.

And a buddy gave me some Russian made ammo[.22]; it was steel.LOL What a dumb idea; steel rusts LOL; unless the evil empire planned on rusting up ammo for a capitalist LOL,,, But none of this is a prediction; believe it or not, my US brass coated shotshells red rusted down before the Russian ammo LOL[Short time edit; i like liquid Juicy Juice/strawberry/watermelon, not red russian junk.LOL]

 

%%
Good thing , ironchief,we did not make a prediction; on them[LTC] also LOL-LOL.
Actually those capitalists [LTC] that would buy Russian bonds LOL; that makes as much sense as Russians selling steel ammo, which turns rusty red runs down, about the time a capitalist needs it. They did well for several years, then on a line chart, =big downtrend........................................................................................................

 

But you don't understand, the Russians are more environmentally conscious, steel pellets are less poisonous to wildlife that ingested them, ducks, eagles, wolves, bears ...., instead of ingesting lead.

 

%%
OK; i do that when i want dead /red ducks downtrend[steel]