/biz/ - Business & Finance

>>25003593

>>24557578
It's a good idea to take partial profit at a fairly conservative predetermined price. Decide on that price right when you initially enter the trade. You can use something like a moving average line, upper bollinger band, some multiple of the ATR (around 2x-ish works pretty well), or just the closest resistance above your entry to figure out where it should be. Take out half or a third of your position there. The purpose of this is mainly to turn trades that would have been break even or small loss if you hadn't taken your first conservative profit. This doesn't feel great when your position goes parabolic after you take profit but it really helps your portfolio grow in the long term over many trades.

>>23673021
If Trump wins decisively this week with minimal tomfoolery related to mail in ballot disputes and recounts, I will be looking at an entry on SOXL and leveraged indexes. Then continuing to watch stuff like boat and plane for signs of life. This isn't just about who wins presidency. It's equally important how congress and senate shake out. Holding the senate majority is very important for a second Trump term.