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?
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.