%% Depends; today is one of the many good times on UPRO exits. IF one owns a daytrading company[+ i dont], not long @ all with your workers/labor.............................................................................
Depends on where you got in. If you went long at the 200 ma you might want to let your winner run. (I don't have a position)
%% I did+ was planning on collecting dividends on upro/like last DEC/let the profits ride. BUT i like getting paid every now + then/so i did exit on upro today.EVEN today/it still went up more than i thought it would.................................................................... 200 dma is a great dma/but i got in UPRO,later than 200dma.Good moves/maybe not 100% like 2019
AAPLs volatility is on par with the QQQ most of the time, it is not very often when its range is expanding- prime time for a swing. You can find more volatility from small cap stocks. Typically swing traders position size is 5-25% of cap and hold a handful of positions when the market conditions are good. What helps me in letting profits run is to take a partial profit, than I move the stop just below were I took the profit with a bit of wiggle room, this gives me a free ride to make more. When you leave a winning trade that is still looking good you have to keep in mind your'e next series of trades may be losers & you may be watching the trade you exited soar - the partial profit will remedy this scenario to some degree. I really dig this clip - there is some real wisdom in it even though he is drunk.
How do you know the stock will stop at $130 and not go higher? And why does trader 2 enter later? If both enter at the same time and trader 1 exits earlier then trader 2 will profit much more.
For me, letting winners run is a myth. I've left so much dough on the table you'd think I was selling puts in $PZZA Psychologically, leaving money on the table makes me feel worse than realizing a loss.