Trading Experts Presents Taking Profits

Buying a stock is the easy part, the hard part is knowing when to sell. Most traders lack a consistent and repeatable process to cut there losers while holding onto their winners for as long as they can.

The goal of the Taking Profits book is to show you the rules we follow in regards to systemically taking profits from our trades. We will go over how we often treat each trade in thirds, where we aim to sell a third into strength to book some profits and lower our risk if the trade fails.

We trail the next third versus the low of day or prior low of day to keep us in our winners while we are willing to give the last third back to our price to be in for the bigger move. If you are not much of an active trader and find you excel more at passive and less managing of your trading positions we will show you simple breakeven trading strategies to keep you in your trades longer with less time looking at the computer screen.