AmyNic
OPstandalee31
:
Yes, but what good is it if you don't take the profit??? Its not profit until you sell and claim it. Trim position at the top, let it dip, add to position on support, ride it up again. Rinse and repeat. Taking profit doesn't mean close the entire position....until its done.
standalee31
AmyNic
OP
:
I'm talking about my joke in comment 1, not disagreeing with your point in scaling out of the trade on the way up to secure profit lmao
standalee31
:
better to dca into the trade gradually than risk plopping a major chunk at the peak, but the factor of limited day trades entices traders to ditch proper risk management of initial position entry sizes
AmyNic
OPstandalee31
:
I agree....and your joke went over my head. Probably due to people actually being serious when they come at me with ridiculousness
standalee31 : average up always better than average down, that is proven lmao
AmyNic OP standalee31 : Yes, but what good is it if you don't take the profit??? Its not profit until you sell and claim it. Trim position at the top, let it dip, add to position on support, ride it up again. Rinse and repeat. Taking profit doesn't mean close the entire position....until its done.
暖暖的daddy AmyNic OP : agreed.
standalee31 AmyNic OP : average up aka in the green, average down aka in the red lol
AmyNic OP standalee31 : I'm talking about taking profit, not DCA.
standalee31 AmyNic OP : I'm talking about my joke in comment 1, not disagreeing with your point in scaling out of the trade on the way up to secure profit lmao
standalee31 : better to dca into the trade gradually than risk plopping a major chunk at the peak, but the factor of limited day trades entices traders to ditch proper risk management of initial position entry sizes
AmyNic OP standalee31 : I agree....and your joke went over my head. Probably due to people actually being serious when they come at me with ridiculousness
Leadbadger : yup, I read that weak support and got out totally just above a buck