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TFC Commodity Trading Forum

Dan's dilemma / taking losses

Toughest thing is taking losses, as it should be. For me when to take a profit and when to let it ride is about second toughest. Looking back, especially at monthly, yearly how many times have I been there and blew it. Corn at 1.90, S & P at 190, Gold at 250, silver at 6, man oh man. In 2004 Orange juice at 55, in 2007 at 210! Then 2009 back to 65! Now back up again! Yowzer! Can't blame you for trying to pick the high. Just, you know, be careful!