Welcome to Karpel’s Corner. This is where I throw out my thoughts on the markets and share some of my favorite strategies. I keep it market-focused, and never miss an opportunity to teach trading strategies and commentate on the latest trends affecting the financial markets. Hope you enjoy today’s post!
Kenny Rogers said it best in “The Gambler”:
You got to know when to hold ’em, know when to fold ’em
Know when to walk away and know when to runam
You never count your money when you’re sittin’ at the table
There’ll be time enough for countin’ when the dealing’s done.
Looks like the Bulls are not done “dealing.” But, if you are a credit spread strategist, here is my advice about taking some money off the table:
Let’s say you sell a credit spread for a $1 and it’s trading for $0.50. Well, it is time to take that money off the table and run to
find a new opportunity. This is the way I have managed trades for over a decade and it has severed this gambler well.
See you next time at the Corner!
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