January 24, 2013 at 12:10 PM EST
Is Now the Time for Profit Taking?
A very difficult part of trading is how to be on the right side of the trade but equally difficult is the question of when to exit a trade. Take the current market as a case in point. With an uninterrupted rise is now the time to sell? There’s clearly no reason to short a rising market but a market that rises as this one has certainly invites some profit taking and I believe one would be wise to do that here and now. By all measures this market has to be viewed as a bit stretched at this ...
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