DislikedI'm not Jim but in answer to the first question, I would say that everything in trading is a trade-off. If you decide you're a big trend trader, you know you're always going to give back a chunk at the end. You won't catch the very bottom. So you get used to giving a lot back and hoping for a big runner, hiding your stops behind SR as you move down. I think Jim himself wouldn't have ridden the whole move. He takes partial profit early and then is out fully sooner.
If you trade in the way that would capture the whole move, then you're going to...Ignored
Hello atclarkson,
The best approach I like to do is I would like to take profit for half position and use the profit fo the stoploss for the rest of the position, that way you just have a chance lose all the profit or you might have more profit at the end.
The most important is your capital is protected. It is a still a worry free trade. Why not? right? I just like that. You have evaluate the situation whether it is worth to risk the profit or just take all profit.
Capital protection is the core of our business, no one like to risk. That's my 2 cents.
PippingM