Tuesday, July 29, 2008

Why I like to take partial profits

X is a good example of why I like taking partial profits. I would have been inclined to take full profits when I had a decent gain. Instead, I took partial profits, moved my stop up to break even, and now am reaping the benefits of today's huge breakout.

Note: I took small positions in a couple of airlines today and initiated a couple of commodity related shorts (not steel!). More details tonight.

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