Knowing When To Take Profits
When you're a trader in the market, it's important it know when you take your profits. In this sense, greed is the primary season why lots of traders lose tremendously in the markets. Because they never get to take their profits at the time that they should have.
Professional traders have learned how to know when to take their profits. And that's like the main difference between professional traders and amateur traders. The fact is that most traders make profits from the markets - but end up losing it all back.
And that's exactly what you don't want to happen to you. Usually traders experience a winning streak, followed by a losing streak. But a professional trader notices when the losing streak is about to start, and he stops - and immediately takes his profits.
But amateur traders don't know how to dictate the time when the market changes on them - and losses come in series. At such moment, it's pointless to fight on - your best strategy is to take the profits that you have made. And this is how the most successful traders maintain their success over a long period of time.