Interested to hear more about "leaving the upside open". It's probably my biggest quandry to date.
What I'm trying to work out is this. ... If I make 20% in a day, do I stay in and move the stop up? Do I get out and buy back in tomorrow eg if the DOW dives overnight? Do I take the profit and look for the next trade? At the moment I'm letting the charts tell me . For example. I'm in ITC and plan to take profit at 4.8 because that's where the next resistance is. If it goes above that resistance I'll buy back in again. Should I be holding to see if it goes past that resistance and then selling if it fails?
My second biggest issue is selling to early like I did with SRR today and then it retraced back to more than breakeven.
