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Well as I have been told you need to take em if you have them. But here
are a few guidelines / suggestions. If you are not in control of where
the profits are going, it could be a good idea of taking some money off
the table. When I say "control" I mean it in the same sense of the
statement "cut your losses short if you lose 'control' of the trade".
Now on the other hand you entered the trade with some time frame and
purpose in mind. So have these objectives been met. Where is the price
from a technical point of view. If you know where the price is from a
technical point then you may rely on that.
Finally if you feel this is a win fall, take the win fall of the table.
The reason I am suggesting take some of it is because if it goes back
down you will be upset you didn't take some money and if you take it all
out you will miss the move back up. And if you are out of the market
completely you can't make a dime.
Just some ideas to think about. Good luck and congratulations on the win
fall.
Harley
Bill Saxon wrote:
> I am the proud possessor of a pretty good profit in Rydex Precious
> Metals and wonder if I should take profits. I have never gotten into
> Commodities. If Feb Gold is up $9 and London Gold is up only $1.50 is
>
> this typical because of the leveraged position?
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