Every traders worse nightmare is not taking what the market gives them whether they are up 100% or even 20%. The constant question we ask ourselves is ‘Should I take profit here?’ Answer is Hell yeah! Then followed up with the what if it goes higher? Then you can tell yourself this, nothing is guaranteed it’s best if I take it rather then it going against me. As I always say the market is always subject to change.
So with that being said this will be an open educational challenge. The challenge is to act when up not to think about what ifs and take what the market gives you.
Challenge: see profit take profit
Will be posting a spreadsheet to coincide with all trades as well from close to open.
End of day balance with positions