Learned something today – Sell or cover before you end up with losses

Sell or cover before you end up with losses

Say if you have enter into a perfect trade either Long or Short, and the chart is running the way you want. You are then having a nice GREEN profit. Suddenly, the Chart starts to turn. What will you do?

2 Choices:

1. Sell or Cover to protect your gains (Lock in profit)

2. Wait for the next Leg up/ Down

If the chart is reversing close to your entry price – Sell or cover with a small profit before you end up with losses.

 

Timothy Sykes profit.ly profits

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