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Harley Meyer wrote:
>
> I think the key to answering the question of when to get out is what we
> have learned (education) about being a successful traders and then
> continuing to learn. With the emphasis on our individual styles. For me
> I find it easier to decide when to short a stock ( my style). Or put in
> another way I know when the longs want to get out (going long as most
> traders style). I have a heck of a time on the long side. Which most
> traders find easy to do. However I am slowly starting to put together
> some strategies and EXPERIENCE for going long. (Continuing to educate
> myself using my own style.).
>
> The pointing I am trying to make is that if you bite the bullet and
> force yourself to learn how to short a stock, you will find some answers
> to the question of "when do I get out".
>
> Harley
I also find it easier to be on the short side. I'm sure the reason is
the nature of declines vs. rallies. The selloffs seem to be more
volatile and shorter-lived. Because I like to use trailing stops very
aggressively this means I wind up getting stopped out with nice profits
more often when short than long. OTOH, when in a long position I'll tend
to get lulled into complacency and before I know it my profitable trade
has turned into a loser. I'm like a frog in hot water - if the heat
goes up too fast I jump out; if its gradual I'm cooked before I know it!
For me to properly manage a trade exit, it definitely means being
cognizant of whether its a long or a short. I doubt that this would
apply to everyones trading style; it's probably more relevent to swing
trading.
Pete
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