I can relate! I, too, tend to exit much too quickly, often leaving the bulk of the gain on the table. Fear of watching profits disappear, I suppose, but frustrating nevertheless. If I see the price reversing when I've got a nice gain, I tend to abandon the original target and panic exit, only to watch it reverse back up to my original target. Still, a profit is a profit, is a profit. . .
I suppose one solution is to enter the trade with a trailing stop, and sell order at the target and just forget about it, but too often I've seen the MMs swoop down and take out those stops just before running the stock up. I suppose the real issue is my lack of confidence in the target areas I choose. But with this current market that is up, down and all around, I feel safer getting out early than risking staying too late at the party!
Newly
