Holding Runners vs. Booking Profits Quickly

Which move is right for your next trade?! ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Good Morning! Knowing when to exit a winning trade is one of the most delicate balancing acts in the stock market… First, you have to find perfect setups… Then, you have to enter at the right price point… Do you hold [runners]( or book [profits]( quickly? Today, I’ll help you answer this question. That way, next time you’re green on a position, you’ll know exactly what to do… Sponsored Holding Runners vs. Booking Profits Quickly If you trade long enough, you’ll eventually find yourself in the following situation… You enter a trade and you’re quickly up BIG on the position. Then, you’re faced with a tough decision… Do you hold out for a grand slam, or take the money and run? I get these kind of questions all the time in [Pre-Market Prep](. And the truth is, there’s no one correct answer for every potential setup. But if you’re in the green and trying to determine when to sell, consider the following… Not All Stocks Are Created Equal First, my advice about holding or selling depends on what you’re trading… If it’s a sketchy [penny stock]( and you’re up big, you should sell that entire position immediately. Crappy penny stocks are known for “rug-pulling” traders out of their hard-earned profits. Most of these companies lose money and have no viable products. The shares get jacked up on pure speculation. Sell it. On the flip side, if you’re trading a real company’s stock — like, something in the S&P 500 — you should rely on your [trading system]( [technical analysis]( and personal rules to determine your exit. Remember that it’s always safest to book profits while you have them. But you also don’t have to book all of them… You Don’t Have To Sell All Your Shares At Once Most great traders, like Jack Kellogg, are masters at [scaling]( in and out of positions. Selling off your shares in chunks allows you to take some risk off the table and lock up safe profits while still having some skin in the game. Don’t think you have to enter and exit your entire position at once. Start considering a scaling approach to entering and exiting trades. Base The Decision On Your Initial Price Target You should always have a price target where you plan to exit … before you enter the trade. For example, I’ll write in my [trading journal]( “I’m aiming to trade Stock XYZ from $4.10 to $5. If it drops below $4.00, my stop loss will get triggered.” Then, if the stock hits $5, I stick to my rules and book my profits. Don’t go against your initial price target, thinking the chart will pull a miracle for you… Make a [trading plan]( and stick to it. 4 Considerations for Exiting Winners Beyond the basics, here are four more crucial considerations for your trade exits… Trailing Stop Losses When exiting trades, a useful tool is the trailing [stop loss](. A trailing stop adjusts with the stock's price, ensuring that if the stock price goes up, the stop loss moves up too. This helps you lock in profits while letting the stock move up. It also lets the stop loss do the work for you, so you aren’t forced to monitor the trade every second of every day. But if the stock price drops by a set amount, the stop loss kicks in, securing your profits. I especially like using trailing stops in swing trades. And in this market, few areas are hotter than [artificial intelligence (AI)]( and swing trading. See how you can combine the two to your advantage with the AI Swing Trade Analyzer](. Watching Market Conditions Keep an eye on the broader market conditions. Breaking news, economic indicators, and market sentiment can all affect your trade. And speaking of breaking news… [StocksToTrade Breaking News Chat]( can help keep you up-to-date on the [biggest market catalysts]( BEFORE the news guys hear about it… [Launch your trading with BreakingNews Chat + StocksToTrade — Get your first 2 weeks for just $17!]( But sometimes, outside factors might make it smart to exit a trade earlier than planned. For instance, if bad news hits your sector or the overall market turns negative, it might be best to take your profits sooner. Conversely, if the market is absolutely ripping to the upside, you may want to hold your long positions. Learn from Every Trade You Make Every trade is a chance to learn. Record details of your trades, including why you entered and exited, the results, and what you could do differently next time. Over time, this practice will help you [identify your mistakes]( improve your strategies, and make better decisions. But a big part of trading is starting in the right place, and I can’t think of a better jumping-off point than [Oracle Daily Alerts]( — Our FREE Wall Street-grade trading algorithm that delivered TWELVE 100%+ gainers in May!* Keeping Emotions in Check Keeping your [emotions]( in check is one of the toughest parts of trading. It's easy to let greed or fear take over. Fear can lead to exiting a position too quickly, while greed can lead to “holding and hoping.” Try to remove emotions from your strategy. Optimism, hope, complacency, and anger are your worst enemies. After all, there’s a good reason hedge funds spend millions of dollars on high-frequency trading algorithms … they have no emotions. Be objective about your setups. Do your best to trade like a robot. If you start thinking about these factors when you exit positions, the final decision can become much simpler. Have a great day everyone. See you back here tomorrow. Tim Bohen Lead Trainer, StocksToTrade Tim Bohen Lead Trainer, StocksToTrade Sponsored   Wall Street Veteran’s #1 Trade for June One Wall Street veteran has placed a single, high-conviction trade every month for the last four years… With an average winning trade gain of 110.8%*! It’s based on a powerful phenomenon he discovered on Wall Street… That’s used by elite funds like BlackRock, Goldman Sachs, and Bridgewater… And happens every month like clockwork. Now, he’s about to enter [his #1 trade for June THIS Wednesday, 6/5…]( And believes it could be even BIGGER than his last one… Where his #1 trade for May on QCOM surged as much as 622.75%!* [Get the urgent details here.]( *Past performance does not guarantee future results. Trading involves risk.   Sponsored ACCESS NOW: Click to activate these complimentary membership gifts and receive daily market intel. [To The Moon Report Weekly Stock & Crypto Watchlist](   [Daily Strike Report Newsletter with Ben Sturgill and Jeff Zananiri]( Recommended Membership Gifts     [Facebook]( [Twitter]( [Instagram]( [YouTube]( [Spotify]( [Click Here to Unsubscribe]( (As an Amazon Associate, we earn from qualifying purchases.) 13809 Research Boulevard, Suite 500, Austin, TX 78750 *Past performance does not indicate future results **Tim Bohen teaches skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our [Earning Claims Disclosure]( About: Making money trading stocks takes time, dedication, and hard work. My goal is to teach you how I have succeeded in the market, but you may not achieve my results. Remember, there are risks involved with investing, including the potential loss of money. 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