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Warrior Trading // Ross Cameron // Day Trade Warrior

If I'm in a winning trade I Want to hold as long as possible? Just because I might have had a initial profit Target of here doesn't mean I should sell my whole position right here. by doing that, I would be capping my winners and I don't want to do that as a Trader I want to cap my losers and let my winners run. so I can have a good profit to loss ratio, but that means that when I'm in a winning position I need to be watching very closely for exit indicators. An exit indicator for me is typically going to come when the stock makes a squeeze up in a candle, but is not able to hold those levels and gets pushed back down.

So that means it's going to squeeze up. We're going to have a topping tail, but it's going to close lower now. That could take the form of a shooting star like this. it could take the form of a dogee like this.

It could take the form of a a spinning top like this, but the common theme is that it was not able to hold these levels. This is very likely to result in a shortterm correction. back down.

By Stock Chat

where the coffee is hot and so is the chat

6 thoughts on “Knowing when to lock in your profits”
  1. Avataaar/Circle Created with python_avatars @rpm24 says:

    Never understood why a lot of traders use a fixed 2:1 ratio for example…. Are they seriously too lazy to actively manage their stop loss (if broker doesn't offer trailing stop)

    Depending position size often means giving away hundreds of dollars…. For this amount of money i gladly move my stop loss two or three times up manually 😂

  2. Avataaar/Circle Created with python_avatars @tronghungdao251 says:

    ❤❤❤😂😂😂😮😮😮😅😅😅

  3. Avataaar/Circle Created with python_avatars @rizwan101 says:

    I miss the days when you could chase a stock and still make a ton of money! Watching your old videos, it was like a joke when you make 20, 30 100k!

  4. Avataaar/Circle Created with python_avatars @Firemedic2105 says:

    I know when they slow you get the top wicks… would U say a little wick (maybe less than 1/4) of the candle is ok to maybe sell half and hold to see (if not hitting an obvious resistance level)???

    Or, for a new'ish trader, would you recommend sell all and wait for the pullback? – DJ Gru

  5. Avataaar/Circle Created with python_avatars @HeatTrader says:

    You explain thing so clearly – I'm always grateful!

  6. Avataaar/Circle Created with python_avatars @michaelrasmussen5443 says:

    Trying to hold my winners longer. This was helpful. Thank you.

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