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Let Your Profits Run
A saying often used in investing that acknowledges
the tendency among investors to sell winning
positions too early. Most traders tend to take gains off
the table early out of fear that they will evaporate
quickly, while they also tend to hold onto large losing
positions in the hope that they will turn around. The
key to letting your profits run is to not panic when
volatility increases and to maintain your convictions
about why you entered into the trade.
A saying often used in investing that acknowledges
the tendency among investors to sell winning
positions too early. Most traders tend to take gains off
the table early out of fear that they will evaporate
quickly, while they also tend to hold onto large losing
positions in the hope that they will turn around. The
key to letting your profits run is to not panic when
volatility increases and to maintain your convictions
about why you entered into the trade.