This
means that you have to monitor your positions and if you're long a
stock, any signal of weakness and shift in sentiment should be respected
and acted upon accordingly, so that you can lock in profits before the
market takes them away from you.
As a reminder, the stock market
has no sympathy. It could care less if you don't get to cash out when
you're ahead on a position. So take your money and run, especially if
your profit target on any given trade has been reached. You will rarely
cash out at the top, but by cashing out, at least you have your gains
secured to play another day. (more)Please share this article
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