NoiseTrader's "Letting Profits Run" Series: Long BA Managing a longer term position (maximizing profits) is one of the most difficult challenges and a skill I'm still trying to get better at. In this thread Iâm going to document some of the thought processes involved in trying to let profits run in a long BA position. The initial entry was on 1/26. After the taking partial profits, a quick rotation up in early Feb 06 resolved into a tight, well-bid market. I kept a loose stop on the core long, until offers began to soften up prices a bit in early Mar. BA built a fair amount of trade above 72 hardening up 72 as support. I raised my stop up to 71.77 where it still sits. We saw range extension up to 80 in March and now faced with a trade-off between keeping the stop loose and staying outside of the control of liquidity or liquidate and try to sidestep a deep retracement and risk minimizing participation in any further rally. The tight bids in the monthly timeframe argue for a high level congestion whereas the end of the Oct-to-May bullish period for stocks may open up a downside surprise. To be continuedâ¦