The most difficult thing for me as someone who doesn't trade for a living is knowing when to exit trades. My system tells me when to get in, but I haven't figured out how to have it help me get out. I usually have no problem taking profits and not looking back, but right now the WHR calls are bid at $3.40 and the RIO calls are bid at $1.90.
Had I held the positions for another hour, I would have exactly doubled my profit.
The most difficult thing for me as someone who doesn't trade for a living is knowing when to exit trades. My system tells me when to get in, but I haven't figured out how to have it help me get out. I usually have no problem taking profits and not looking back, but right now the WHR calls are bid at $3.40 and the RIO calls are bid at $1.90.
Had I held the positions for another hour, I would have exactly doubled my profit.
A profit is a profit
Don't look back look forward, because if you keep doing the above thinking it will mess you up.
The system is still struggling quite a bit. I got hit with major gapdowns at the open on two of the stocks and because of the options, it's better to just stay in and ride it out a little.
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