YYB, First, you slay me! It was edamo who first talked about his using WSA here. Then I looked at it. You and I talked on the phone about it and you jumped (I've been a bad poet and haven't transferred yet), soyou're on it faster than I. Talk about gutsy!
As for the number in my head, I sometimes will set a GTC sell order on a trade I think is moving fast, just as soon as I buy it. Other times, I watch the position closely as soon as I've bought and if I've timed it perfectly, like I did with selling RMBS puts yesterday, I'll see a quick profit and take it. I guess for me at this point, a 5k profit within an hour or two is enough to make me sell at market in a heartbeat. Remember, you can always do the trade again if the right conditions arise.Take your profits when you've got them, especially in volatile markets. |
