Taking profits is harder than cutting losses: stop-losses have rules, while take-profits are driven only by greed.
I’ve set myself a very simple rule: when a position’s unrealized profit reaches a preset multiple, I first sell enough to make the trade “free.”
The remaining position is essentially a bet made with the market’s money, and my mindset changes instantly—drawdowns no longer trigger fear; they’re just numbers changing.
Most people don’t struggle with buying. They struggle to make themselves secure first.
Get your get-out-of-jail-free card first; then reach for the stars.
I’ve set myself a very simple rule: when a position’s unrealized profit reaches a preset multiple, I first sell enough to make the trade “free.”
The remaining position is essentially a bet made with the market’s money, and my mindset changes instantly—drawdowns no longer trigger fear; they’re just numbers changing.
Most people don’t struggle with buying. They struggle to make themselves secure first.
Get your get-out-of-jail-free card first; then reach for the stars.
