Winding Down Some Positions
Mondays have been soft for about as long as I can remember. It is almost a foregone conclusion and becoming self-fulfilling, so I view the Monday start as a good day to clean up positions that are basically just occupying your portfolio without adding much in the way of value. This generally will happen after earnings trading winds down, and I have a few positions where I ran adjustments or repairs.
For day-traders who clean out their portfolio or long-term investors, this isn't a normal exercise, but it is still good to review holdings from time to time. For earnings traders and swing traders, this becomes crucial. If you get too big, you'll lose track of positions, and potential profits will fall through the cracks....325 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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