How to Let Your Winning Trades Run: Got ideas?

[apo99]

Same problem here, when i book a profit i always capture less than 50% of the total move

 

[qlai]

One way to do this is to have three separate sub accounts : day, swing, and hodl. You naturally trade larger size in day account. So let’s say you are long 1000 shares and you are nicely profitable by the end of day. Sell half and move remaining 500 to swing. Let’s say stock keeps moving up and reaches point where you would close your swing. Sell half and move the rest to hodl. Set stop at break even and don’t mess with it. Easier said than done of course.

 

[Heydrrich]

Donchian channels maybe ?

 

[Bad_Badness]

Take all at a reasonable profit after run, move from MA, blow out volume or whatever, convert some profits to pure directional options for the runner.

 

[realtrades]

When you're ready to take profits, instead of selling, sell covered calls, this will force you to hold, as you wouldn't want to be naked.

 

[taowave]

Thats exactly what he does not want to do..

No mention of what percent of spot to sell, what percent of notional, rich or cheap IV,etc..

 

[danielc1]

I would look in to the why you are impatient and work on that. No exit rule that would be aloud to run, will be honored with an impatient attitude.

 

[murray t turtle]

Same problem here, when i book a profit i always capture less than 50% of the total move

%%
That sounds good;
especially for a daytrade...…………………………………………………………………………………………………….And I usually measure close to close on a weekly chart for %.
Daytrade,I use open price more. On a super good daytrend with very shallow pullbacks/may get more/but those are hard to get in if waiting for a pullback/LOL

 

[Bugsy]

I'm notoriously impatient and book small profits early. Any tips for letting winners run, especially for swing trading?

Example I bought PENN MGM off march lows but sold way tf too early.

I'm asking because if for example markets sell off and I swing trade inverses SQQQ UVXY SDOW SPXS SOXS LABD I don't want to get shaken out too soon.

I usually try to look at the trade as if I had traded it from the other side (if I'm long I look at it like I am actually short). Would I feel like this is about to swing my way or does it look like I am going to lose more (were I on the other side of the trade).

 

[slugar]

Why not take some off at a target and trail the rest?