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January 12th, 2007 by eyal | Filed under Day Trading. |
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To partial out or not to partial out, that is the question.. :)
I decided to take partial profits on about 40% of each position to lock in some gains instead of closing everything end of day as I usually do. For one it’s Friday, secondly it’s a long weekend, and thirdly this is the 3rd day of a strong move up. So I’m assuming a lot of traders would want to go through the 3 days off flat, booking profits, rather than carry the risk. We’ll see if the decision has been a good one or not later on.
