It is important to separate how you manage your trades and your investments. You don’t want to make the mistake of turning a trade into an investment or an investment into a trade. As the market moves higher, it is important to begin to trim back those investments that have gone up a lot and close trades that are nicely profitable.
I am not recommending that you get out completely but trim to build cash reserves as the market moves higher so that you can use that cash to buy when those investments come down. This is how wealth is built over time. It’s important to have a plan and to work that plan to your benefit.
Talk soon,
Al Losada
Founder | SimpleOptionStrategies.com
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