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Re: 7kidsmom post# 3425

Monday, 07/09/2012 9:01:48 AM

Monday, July 09, 2012 9:01:48 AM

Post# of 3705
You're very welcome 7kidsmom. You are very wise "to take some off the top as you go." :) If you double your profit on a position you might give consideration to selling half of your position and therefore the rest of your position will be effectively free. :)

Remember, don't let them take away your profits; when you sell any position for a profit they can no longer take that profit from you. :) Don't chase over-extended stocks, find other stocks with better risk-to-reward ratios. Wait for the set up and for the price that you want to pay and not for the price that they want to sell it to you at.

Have a happy, successful and great trading day.

Bob-C

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