Wednesday, June 16, 2010

Handling paper profit
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We are human & are tempted to take profits albeit prematurely. We know
that prices has not reached our target based on the trade setup, but
the paper profit looks to juicy and nice and we fall into the
temptation to pluck the forbidden fruit and maybe kill the golden
goose as well. One way not to kill the golden goose is to see goose as
half a goose. Mentally half the profit and put a trailing stop.

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