profit taking?!?

[nickola.pazderic]

Several strands of thought came together for me, and I realized that anxiety was really unecessary with the robot. No matter what I do, I'll never trade better than it. This realization preceded the recent "strong short" and "short" signals. I'm no longer anxious about profits either. I simply need to remind myself that beautiful numbers don't last forever, and I might as well break them down and take some off to secure some gains. (Paul prodded me out of my seductive slumber).

Taking profit seems to be more art than science-- at least to me who must appear to all as something of a romantic and less quantifiably inclined. Art or science, Nicolas Darvas replied to the old saw, "You cannot go broke taking a profit" with the matter-of-fact reply: "of course you can (p. 30)." A few small profits can be swallowed by a big loss or two. So, for him, it remained crucial to let his winners run so far as possible. But he was not selling a bear market. This is the predicament we face.