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And by being honest, my best trades have kind of all come from your mindset of locking. Like locking your gains when you've got them. Why do you think it's so hard for so many people to do that? Is it The adrenaline? The excitement? Like the trading? Community where everyone wants to be like a hero and show big screenshots? Yeah. I Mean every time I end up I'm trying to go for my biggest gain I Mean that that sentence in itself should be a clear void, right? I'm going for my biggest, my biggest trade.

That's the wrong mindset. My biggest trades, with the exception of a select few which I did size up for I did spend extra extra time preparing for. but most of my biggest trades are ones that I Realistically, it might have been a really hot stock that I traded three or four times throughout the day, taking profit quickly at each time and just getting in in a really key area versus ones where I held the stock all day and then sold right at the high of the day and then maybe it came back down.

By Stock Chat

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2 thoughts on “Why you need to lock in trading profits”
  1. Avataaar/Circle Created with python_avatars Dori Calla says:

    I love these little glimpses of wisdom
    Thank you guys. Taking profits quickly and frequently, such a good reminder!

  2. Avataaar/Circle Created with python_avatars Janna Davies says:

    Nice β€œstocking” hat Tim πŸ“ˆπŸ“‰

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