Taking Profits

One of the things I struggle with most in my trading is knowing when to sell. It doesn't matter if the stock is rising or if it is falling, pulling that trigger is just plain hard. That's probably why there are so many different ideas, theories, and discussions about the subject.

Chris Perruna has an excellent article on how to take profits at his blog. I've experimented with several ways of taking profits and preventing losses. Right now I am focusing on a volatility system which seems to have a lot of promise.

The best thing any trader can do is to tap in to the wealth of information out there. There has been no time in history where more information has been available--and most of it is free. Take advantage of what is out there to make yourself a better trader and a better person.