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To: taxman who wrote (5878)4/3/2000 9:48:00 AM
From: Poet  Read Replies (1) | Respond to of 8096
 
Taxman,

Taking profits regularly is just one of the general adages about trading that all of us have heard a million times. The 50% area is arbitrary, but I find regular profittaking builds discipline as well as your bottom line. Imagine not having taken a profit on your MSFT calls last week, for instance.