You may find this interesting. I know a man who has been trading for a living for decades. He is probably in his seventies now. I have visited him once while he was on the job, trading, that is. I have spoken to him numerous times on the phone in the past and he has shared many tidbits of knowledge with me about trading.
One of the things he mentioned to me is he asked an old timer trader one time, to look over his shoulder while he was trading to maybe get some advice. When it was all said and done the old timer said to him, Mclaren, you need to learn to take a profit while its there. This man than told me he checked all his past trades and found out the old timer was right, and that he, my friend said to me he was doing it wrong all these years of trading without taking partial T.P.'s.
Hope this helps!
One of the things he mentioned to me is he asked an old timer trader one time, to look over his shoulder while he was trading to maybe get some advice. When it was all said and done the old timer said to him, Mclaren, you need to learn to take a profit while its there. This man than told me he checked all his past trades and found out the old timer was right, and that he, my friend said to me he was doing it wrong all these years of trading without taking partial T.P.'s.
Hope this helps!