Hey traders!
In this week’s trade review video, I discuss the conservative signals I had that caused me to take a cautious profit on Amazon.
Sometimes I’ll take conservative profits, especially in a case like before CPI data when a news-related event is upcoming.
Now, of course, if you take conservative profits, you cannot capitalize on the full profits! But, as I’ve gotten less aggressive, I have learned that taking regular 55% winners is better than taking some 300% winners with more losers that could have been winners if you weren’t greedy.
Of course, the market is recovering after CPI today, and the trade would have been doing better if I had held. But, that’s okay!
This is a rinse-and-repeat process. Of course, I always want to maximize my edge, but there should always be a balance of greed and logic.
