Seems this quote is appropriate. The things people believe in are usually just what they instinctively feel is right; the justifications and arguments are the least important part of the belief. That's why you can win the argument, prove them wrong, and still they believe what they did in the first place. You've attacked the wrong thing. So what do you do? Agree to disagree. Or fight. - C. Zakalwe. Someone is going to have to kill BuySell to have any hope of winning (no, strike that, finishing) the argument.
Huh? He makes a great argument for NOT scaling out right after he said he scales out. He is not letting profits run. I believe he has too large of a position on and gets frightened. Why else would he get out of some and choke the trade off? Remind me not to read anything by or about him in the future--- Absolutely Ridiculous!
Well, more power to you -- I ain't here to tell you what's right for you, I trust you are a doing your best for optimizing your particular strengths/weaknesses. All you had to do was add the words "for me" at the end of the thread title, and I think this would have lasted about 3 pages. But then again, it wouldn't have gotten me to think through the issue to the point where I'm thoroughly convinced of the answer. Yep, I think I'm gonna go with Lipschutz on this one, nothing personal.
You don't get it, he is already letting his profits run, and likely holding the position far longer than you ever would. That much is a given.
I do get it. He is not letting al his profits run. He is a fundamental trader and so should scale in as I do even though I am technical trader. However, I would very much doubt that he holds winning positions longer than I do.
Sorry if I take his word over yours, I think he's probably got a bit more experience on this sort of thing than you. Just my guess, who knows.