Scaling Out of Trades / Partial Profits / Incremental Sales

You know how I love the money management aspects of trading — here’s a must-read article by Michael Taylor on scaling out of trades.

Note to Self: Look to Sell Half!

I’ve gotta write another one of these reminders to myself to take partial profits. I had a real nice trade going early this morning when I bought 1,000 shares of NYNY at $4.94 (I took the ‘dummy‘ entry as it rose above the highs of the 9:45 candle). The stock proceeded to run towards $6 [...]

Taking Partial Profits

I decided to sell half of my PARL position yesterday once it hit a 10% gain. Taking partial profits is something that I’ve got to get better about doing, especially in choppy markets. I still want to try to let my winners run but at the same time I don’t want to give back too [...]