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Do I hold on for the “big winner” or take small profits?
To start with, this is a good problem…this means you are taking some winning trades. The answer is not a simple yes or no.
One must have a combination of both smaller, consistent winners. Also a few “runners” large profit trades, regardless if you are day trading, position trading or swing trading.
Some traders solve the problem by breaking their trading size into more than just 1 unit.
Entering Multiple Contracts: Philosophy
I think that entering multiple contracts does 3 good things for you…
Continue reading “Going For Smaller Profits or the Big Runs? 8.17.2017”