Thank you for revealing you political bent. Now, if you read a bit, I am quite far from a welfare queen. No, you are young man who cannot conceive of an individual who can trade better than you can, so you come to cause drama. Therefore, I bequeath you, Drama Queen! DQ, please let's move on.
A small town third shift male nurse who recently considered joining the National Guard for extra income isn't that far away. Quoting Jack Hershey and averaging down isn't really trading. Now that you've been exposed in this forum for the compulsive liar and trader wannabe most of us already knew you to be. Where will you try to hide next?
This depends on your desired time frame. I tend to do much longer trades. If you don't have the patience to wait it out, take profit now. But, personally, I will wait a good deal longer as I usually do. See the "Guru Trade" thread in this forum for better understanding on the time frame I keep my trades in.