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Taking profits or at least taking some 1/2 - 1/3 depending on your present strategy is important in very volatile time. It's not as important when the market isn't volatile but it is when it is volatile.
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3 Things to think about when you are trading the System in extreme volatility like the market is in now. 1) Trendline. The trend line for the S&P is up in the short term. 2) Candles are very important signal in and around the 50 sma. 3) Taking profits from trades. 4) Day Chart.
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I can’t agree more! Any new/novice traders better listen to I lose more money because of my own mistakes and emotions! I love the system and love scaling out profits but many times think I know better🤯 Find a system, don’t break the rules, sell rips, compound $!
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