Lions I closed my MSFT trade with a gain.. it appears that there is more upside here, so if you choose to hold- I would expect more gains HOWEVER! It is never wrong to pull profits…
Good move Greg. Capturing a profit that you can see is better than "hopefully" capturing a profit that you have no idea will materialize or not. I can't count the times I was up 30-40% in one day and wouldn't get out because of greed. I'd keep holding on and holding on and when price went against me quickly I couldn't get out fast enough and would be sitting with a loss. I was also trying to use limit orders to exit the trades. Now I just use market orders if I need to get out NOW. I might get ripped for some cash on the market order, but at least I'll get out. Lessons learned.
Good move Greg. Capturing a profit that you can see is better than "hopefully" capturing a profit that you have no idea will materialize or not. I can't count the times I was up 30-40% in one day and wouldn't get out because of greed. I'd keep holding on and holding on and when price went against me quickly I couldn't get out fast enough and would be sitting with a loss. I was also trying to use limit orders to exit the trades. Now I just use market orders if I need to get out NOW. I might get ripped for some cash on the market order, but at least I'll get out. Lessons learned.
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