When Your In the Money

Our natural impulse is to think now that we have a gain is to protect it, rather than letting it run.  We all to remember gains that we had on paper get washed away.   It happened either gradually or over one night’s news announcement.  However I have lost more money by not letting my winners run, locking in early gains thinking this position can’t go much higher, and holding on too loses way too long, thinking the price can’t go much lower.  Wrong!  Your mind works more when you are in the money, fearful of losing your gain.  It is normal to check your account daily when you are winning or in the money, but rarely are you willing to take a peak when you holding on to losses.  Learning to remove your emotions is key to your long-term success.  It’s just a job, whether your winning or losing.   With practice you can get there too.

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