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Re: TuiTui509 post# 1492

Wednesday, 05/06/2015 8:39:48 AM

Wednesday, May 06, 2015 8:39:48 AM

Post# of 1904
2 more reasons:

1. My risk is off the table at this point. I have profit locked in. Therefore, I should not lose anything here no matter what happens.

2. There is a saying, "Let your winners ride and cut your losers short." There are all kinds of variations on it, and I believe everyone interprets it differently. I interpret it this way, "Hold a trade if it has a chance to substantially increase your account and there is not any good reason to exit."

For the second reason, I think this has the opportunity to see 5-6 again. Of course, I really have no idea, truly. For now though, everything indicates to me that we are heading in that direction. (I could and have very often been wrong.) Since this trade could substantially increase the size of my account (#2) and also since I have no risk on the table (#1), it is a clear decision to me to hold my short position.

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