I have a post it note on my desk , actually 2 , well a whole bunch. But there are 2 of them about taking profits:
1) I will never never never turn a profit into a loss.
the other one tells me what to say and do when I see a nice profit in my account window...
2) ""Ooh that's a nice profit!" then I close at least half of the position.
generally when I feel too good about the trade and myself it 's time to start getting out
also if more than 1/3 of the profits are given back before I could take some I start getting out.
1) I will never never never turn a profit into a loss.
the other one tells me what to say and do when I see a nice profit in my account window...
2) ""Ooh that's a nice profit!" then I close at least half of the position.
generally when I feel too good about the trade and myself it 's time to start getting out
also if more than 1/3 of the profits are given back before I could take some I start getting out.

