I Don't Post For My Health

Reading & Learning Is Your Benefit

Nice day downhere in sunny Texas. We haven’t been subjected to the unbearable heat of summer yet but it’s coming. Yard looks great,everything is planted and growing and a couple of my favorite pro golfers Nelly Korda and Scottie Scheffler won again. What else can I ask for?

That’s easy. I want “you” to read, listen and learn from what’s posted here on Substack and LinkedIn. We know it’s not easy but it’s very important and why we’re building. In The Ticker Free Community we let you know the steps we’re taking to help urn you into a much better trader or investor. That all came to a head last night and we were ready. Were you? If you have been reading what’s written you would have been.

Use Trailing Stops

It’s not just a rule we follow it’s how we act. It was “obvious” the news headlines were changing. We were aware of it and you should have been too. We acted as discussed in several prior postings, we used trailing stops.

Trailing stops are important especially when you’re trading futures. It was proven last night when Silver and Copper headed in the opposite direction. When using a trailing stop we progressively move our stop price higher, minimizing the distance between a “stop” and the future’s actual price. We’re looking for an exit and we often get it.

Last night it came to a head. We exited silver and copper with a sizeable profit. While it may not be the absolute top it’s much higher than our entry point. We are not at all worried about whether either will go up or down from here, we’ll keep watching. All we care about is booking and not giving up a solid profit. You should too.

It’s not that hard folks. Don’t make it harder than it is. Far too often people want “too” much from their trades. When you are given a “gift” understand how to accept it. You don’t get opportunities like this every day. Learn how to take a profit. It’s important.

In 1976 the Steve Miller Band released “Take The Money & Run”. Nothing has really changed, at least not how we run money. Never let a profit get away. You made the right call, your trade is higher, don’t give up the “ghost”. Will there ever be another opportunity here or in another trade, absolutely. You’ve made a great decision, this trade is higher, don’t be afraid to take a profit especially if you are managing Roth IRA accounts. Simple, yes but far too many people shoot for the stars. Take what’s given.