{"id":17024,"date":"2012-02-06T12:44:27","date_gmt":"2012-02-06T17:44:27","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=17024"},"modified":"2012-02-06T12:44:27","modified_gmt":"2012-02-06T17:44:27","slug":"when-to-lighten-up-your-trading-position","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/when-to-lighten-up-your-trading-position","title":{"rendered":"When to Lighten Up your trading position"},"content":{"rendered":"<p>P, Pandera Media Inc (NYSE), popped from 13.70ish to 14.30ish and started to flag.\u00a0 When it broke above the consolidation of the flag I sought to buy a pullback.\u00a0 And I did at 14.43 and 14.41 with a stop of 14.24.<\/p>\n<p>P found higher ground and looked like it could push towards 15.\u00a0 But then there was a pullback that gave back my limited gains that I did not like.\u00a0 When I first bought P I crafted a way I wanted it to trade.\u00a0 When I saw too big of a pullback in P that was very slowly making new highs I lighted up.<\/p>\n<p>When you enter a position you do not want to just think about closing for a winner and closing for a loser.\u00a0 There should be some nuance to your plan to lighten up if you do not like what you see.\u00a0 The more detail to your plan the more consistent you will be with your trading.\u00a0 So for me in this case, it was the pullback that I didn&#8217;t like that caused me to sell half of my position.\u00a0 I sold into the upmove from 14.28ish to 14.45ish.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/P.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-17025\" title=\"P\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/P.gif\" alt=\"\" width=\"505\" height=\"331\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/P.gif 722w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/P-300x196.gif 300w\" sizes=\"auto, (max-width: 505px) 100vw, 505px\" \/><\/a><\/p>\n<p>Bella<\/p>\n<p><a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary\/dp\/0470529407\/ref=cm_pdp_rev_itm_img_1\">One Good Trade<\/a><br \/>\n<a href=\"http:\/\/twitter.com\/smbcapital\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n<p>disclosure: long P<\/p>\n","protected":false},"excerpt":{"rendered":"<p>P, Pandera Media Inc (NYSE), popped from 13.70ish to 14.30ish and started to flag.\u00a0 When it broke above the consolidation of the flag I sought to buy a pullback.\u00a0 And I did at 14.43 and 14.41 with a stop of 14.24. P found higher ground and looked like it could push towards 15.\u00a0 But then there was a pullback that &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/when-to-lighten-up-your-trading-position\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[1990,1376,1828,1193,653,1354,1989,1349],"class_list":["post-17024","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-day-trading-class","tag-p","tag-smbu","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-course","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>When to Lighten Up your trading position | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/when-to-lighten-up-your-trading-position\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"When to Lighten Up your trading position | SMB Training\" \/>\n<meta property=\"og:description\" content=\"P, Pandera Media Inc (NYSE), popped from 13.70ish to 14.30ish and started to flag.\u00a0 When it broke above the consolidation of the flag I sought to buy a pullback.\u00a0 And I did at 14.43 and 14.41 with a stop of 14.24. P found higher ground and looked like it could push towards 15.\u00a0 But then there was a pullback that ... 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