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+1 to everything Jaycee said. Also profit stops doesnt necessarily mean having to sell at the relevant profit point. Rather it can be to rethink the position in line with your strategy ( ie why has it gone up so much? Is there anything behind it? is the run running out of steam? whats the...

Dont forget stop losses! Whatever your strategy, the number one thing to implement in my humble view is the setting of stop losses & profit stops! Equally important whether you are any type of trader or investor. The question of what stop loss/profit stop strategy is right for you is not so...