More suggestions for holding winners

Discussion in 'Trading' started by listedguru, Feb 11, 2004.

  1. I would scale out of the trades. Who says you have to take 5K shares all the way to your target. In theory that would be great but a lot of people have a hard time holding it all the way. Scaling out helps the mental aspect and your confidence which will in turn start helping you hold the majority of your shares until your target. Most everyone will remember the time that they get out of half there position and the other half goes straight to the target but they forget all of the times where you get out of half and the rest becomes a loser or scratch.

    Baby steps and work your way back up to holding more of your position longer until you get your confidence back.
     
    #11     Feb 11, 2004
  2. Agreed!
     
    #12     Feb 11, 2004
  3. Thats actually good advice.
    You need to set your stop, put an offer out (if long)...and stand up from your desk. Go take a leak..or get some fresh air.

    In the beginning you will be pulled back to your computer like a bee to honey...but eventually you will get more and more comfortable with it.
     
    #13     Feb 11, 2004