It's easier to buy a trade then to sell one.
It's easier to sell a losing trade than to sell a winning one.
Why?
All about hope, greed and fear.
Human Emotions.
And the industry already knows this and programs their computer programs against you Human Emotions.
Conversation
Having a difficult time reconciling this advice with “let your winners run.” Trying to strike the right balance.
For example, my 12/18 $PIC contracts are up 700%. I think it’ll run more next week, especially if the merger date is announced. Or do I sell Monday morning 🤷🏻♂️
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trailing stops ! in this market im letting my winners run.. and they’re running well beyond any expectation. ok done hijacking thread ill be quiet.
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hard stops for trade going against you. trailing stops for locking those profits. no emotion necessary. changed alot for me. always say “its going down but ill give it just .05 ... ok .10 ..” 😸 trailing allows max gain on runners i never sell at “my” target. just imo..
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Overcoming the human emotion in us makes us better traders
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