Linda Raschke: Why I Never Scale Out Of Positions
Most traders are taught to take partial profits. New Market Wizard Linda Raschke doesn't. She's all in, all out.
Her logic: if there's a reason to take off part of a position, there's a reason to take off the whole thing.
And look at what scaling out actually does. You take small pieces off your winners, but when you get stopped out on a loser, you get clipped on the full size.
"That does not make sense to me. I'm usually all in, all out. That's my trade."
Iโll be joining The Morning Show on @StockMktTV today around 9:05 AM ET.
Weโre talking GOLD, the U.S. dollar, and the bond market.
How is the dollar driving gold prices? And what are bonds telling us about what comes next?
See you there!
https://t.co/B80Qt33Nwc
@stockatlasdata It's from the man @sam_gatlin
We went to post the same chart at the same time in a video the other day. As usual his was better looking.
It's an interesting set up for sure.
The S&P 500 fell 4.36% Thursday, then rallied 2.35% Monday.
Big rallies can happen in bad markets. Look at where the green and red dots cluster.
Is the selling over??
https://t.co/dQGUXFFBKg
My account went from +450% to +150%. No big losses, just a thousand paper cuts for months. Hereโs why I kept the promise I made to myself, and what comes next.