Some times I close positions just to lock in some green even though they still have potential...
I was thinking if I only allow myself to reverse in swing trades it might be more profitable.
ie if Im long a stock I can only close that position if Im willing to take a short position..
I can definately see some problems like overtrading and trying to pick tops/bottoms...but maybe the gains will be greater
Is anyone using this philosophy?
I was thinking if I only allow myself to reverse in swing trades it might be more profitable.
ie if Im long a stock I can only close that position if Im willing to take a short position..
I can definately see some problems like overtrading and trying to pick tops/bottoms...but maybe the gains will be greater
Is anyone using this philosophy?