In my opinion, investors/traders don't spend enough time on putting together a strategy that helps them decide when to get out of a profitable position. All of the effort gets channeled into finding a perfect system for where to get in – which of course doesn't exist! But where you finally get out is what dictates your ultimate profit or loss, so let's redress that balance. We will start off with the simplest approach, using previous levels to identify logical places to book profits.
Let's use a trading example to identify the first method. The US Dow Jones index is always a popular one with those who use products such as spread betting for their trading. It's a market that most people have heard of and, even on a dull day, it will travel through ranges in excess of 50 points – and frequently an awful lot more when really moving.
by Alan Steel| 8 mins. to read If you're a typical Master Investor reader there's every chance that at some stage you've been a member of a Final Salary Pension Scheme with a former employer. Or maybe you're still in the job.
by Nick Sudbury| Funds| 2 mins. to read Technology is transforming the world and changing the way we do things. Until a few years ago developments like robotics, artificial intelligence and virtual reality were rarely to be found outside of science fiction, but many of them are now part of our everyday lives.
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