Lions.. you must learn to accept smaller steady gains over time. I just heard from a trader who was in one of my trades, and he allowed a 20% gain to turn into a loss.. this person admitted that he was “greedy” and it cost him.. lesson learned.
It is always best to pull profits and rotate into another trade, then repeat. Doing this over time is massively profitable. Massively.
You see how I trade.. I ALWAYS pull profits and then roll that into another position. I do this over and over and over.. end result LARGE gains over time.
Bottom line.. learn to accept small steady gains and over time you will reap BIG profits…
(Feel free to share this).
GM
All the traders pouring into the same option at the same time spikes the price. The guy who got in first and gets out first gets the best gain. Then when everyone is trying to sell the bottom falls out and there's a group of bag holders who lose money.
Absolutely right Greg. One of my friends who isn't a trader always said to me that the best time to shoot a rabbit is when it's Infront of you. I personally don't like shooting rabbits but I use that analogy in my trading. Go for the low hanging fruit and repeat.