The first position I took is still in profit, but I got a lil greedy on the second. Now I looking for a good exit point....smh. The joy of trading. Thanks tho
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The first position I took is still in profit, but I got a lil greedy on the second. Now I looking for a good exit point....smh. The joy of trading. Thanks tho
Posted using Partiko Android
Yes, greed and fear are the primal emotions a trader must fight. One way I manage this is by laddering in and out rather than all in a single trade.
So, if I have 20% profit; I'd take 20% off; and if profit rises to 25%; I'll take another 25% off.