As of 6:03 a.m this morning, I am sitting here listening to the jungle come to life. The sounds of insects buzzing, and birds chirping away – coupled with the occasional hoot/yip from my girlfriend – apparently quite thrilled with what she sees here on the computer screen. 600+ pips and 4% additional profit – is nothing to shake a stick at – and indeed does warrant some excitement.
Now… this provides a fairly substancial “pillow” if a trader was to consider “letting it ride” and let’s say….spend the day snorkling with the sea turtles… or perhaps a long hike out along the beach. Keeping in mind of course, that within minutes this entire “paper profit” could be cut in half or even completely erased/vanish considering the current volatility and market environment ( I read last night that perhaps because of Florida – the election results may not be completed/counted for several weeks should some “discrepancy” arise…..what?..are you kidding me?) leaving one feeling….lets just say “not so happy” about taking that chance.
Or….responsibly…one could choose to “move your stops” into profit and allow the trades to keep working – understanding that you may arrive home later with “less” than you see now – but all in all still a good trade.
Or lastly – one could choose to “BANK EVERY FREAKIN PENNY” – and go about his business with a much larger smile than the day before, an extra 4% in the bank , and every opportunity to “jump back in” knowing full well – the usual “zigs n zags” will always provide another shot.
Subsequently a new pack of street dogs has taken up residence across the street…..perhaps I’ll wander over and buy them breakfast.
6:37 Kong takes profits.