The myth of letting your winners run

[.sigma]

How do you fell when you sell for a quick gain and watch your position double?

like a loser. But sometimes when I realize a loss I feel like a winner, ain’t that sumthin?

 

[themickey]

How do you fell (feel) when you sell for a quick gain and watch your position double?

Indifferent.
Feelings about watching a stock double after exiting are 'woulda shoulda coulda' emotions and just furgedabout that idea.
There's enough woulda shoulda coulda already on ET without adding to it.

 

[.sigma]

Indifferent.
Feelings about watching a stock double after exiting are 'woulda shoulda coulda' emotions and just furgedabout that idea.
There's enough woulda shoulda coulda on ET without adding to it.

while this is true.. something just doesn’t sit right when I see a stock literally implode after I sell. Chilling, I can’t shake it. I have profit targets, but when I think about if I just didn’t close, “woulda coulda shoulda” creeps in again smfh

 

[themickey]

while this is true.. something just doesn’t sit right when I see a stock literally implode after I sell. Chilling, I can’t shake it. I have profit targets, but when I think about if I just didn’t close, “woulda coulda shoulda” creeps in again smfh

Tru dat, because the majority of my exits are too early, often its 3 days.
But I gotta take the signal, can't live by 2nd guessing.
Frequently I see stocks running away after I exit, but my personal opinion, it's a bias playing tricks with my mind.
Every stock I hold past its exit signal goes deep in the red on me.
Every stock I sell goes green. (So my brain tells me)
But that's the bias trick playing with the 'woulda shoulda coulda' part in my head.
Resist the thought!

 

[themickey]

An example.
Lets say I'm trading 100 stocks and receive a sell signal on all, whereby I sell 50 stocks and keep holding 50.
The 50 I sell, 2 go on up.
The 50 I hold, 2 go on up.

My sold stocks, I see 2 going up and I have regrets for not holding.
My held stocks, 48 go down and I have regrets for not selling.

 

[deaddog]

I buy stocks that are going up. If they continue to increase in price there is no reason to sell. For that reason I never get out at the top.

 

[murray t turtle]

I buy stocks that are going up. If they continue to increase in price there is no reason to sell. For that reason I never get out at the top.

%%
I've done + do ETFS like that.
And also, I like to take a profit or loss every now + then;
that way brokers,market makers , specialists get more. Its also fun to let profits run + kick out/exit the least good ETF, did that today........................................................Easy to get back in usually, but not always.

 

[HolyGrailSeeker]

For me, letting winners run is a myth. I've left so much dough on the table you'd think I was selling puts in $PZZA

Psychologically, leaving money on the table makes me feel worse than realizing a loss.

It's not a myth. It's just that you are over thinking it and your short term losses are giving the illusion it doesn't work.

But everyone has to trade in a way they are in tune with. If you are a scalper/day trader and aiming for high percentage plays then by all means trade that way.

 

[.sigma]

It's not a myth. It's just that you are over thinking it and your short term losses are giving the illusion it doesn't work.

But everyone has to trade in a way they are in tune with. If you are a scalper/day trader and aiming for high percentage plays then by all means trade that way.

Thats why I prefaced with "For me" lol..

and idk what being a day trader has anything to do with this.

 

[systematictrader]

Pullover sweaters with ties, man.

hahahah man i always love your videos, keep them coming