LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: james-rockford who wrote (42664)	1/5/2003 11:27:50 PM
From: james-rockford	Read Replies (1) of 43080

My top New Years trading resolution for 2003: take every profit that you can. I know it sounds simple but a lot of people on SI post, "let your winners run." I say no way Jose, not in these Markets. Last year I had 6-8 trades that I had a 8-12% gain on and I said to myself; "let your winners run." And I am telling you, within a day or two, every one of those trades turned into a loser, my last one was SONS in December, bought at $1.14, went to a $1.25, didn't take profits, wound up selling it at $1.09. I swear I will not let a winning trade turn into a losing trade. Never again baby!!

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