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Aaron B

Entering trade and taking profit within a min

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I have been trading for a very long time and still find myself taking profits within seconds of entry

i cut losses quick but gains just as quick any advise will help

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depends on how your entering trades. If your buying dips and pops then taking profits immediately would be the way to go. If you're getting into a long or short position at a level of known support then I would say your good to hold the position until you near resistance or the tape slows down if your comfortable trading level 2. I try my best to not enter until a position until I see a stock moving as any signs of momentum slowing down is a signal for me to get out but  if I do get in on a consolidation I'll get out of the position if quickly if I feel the stock is starting not to move how I thought it would. At the end of the day though no one ever went broke taking profits as they say! Maybe consider selling half and placing a break even stop loss on the remainder of the shares if the runner is running. 

Edited by Ija Watson

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