I've been asked to give a little more hands-on advice regrading exiting trades and profit taking. This advice only applies to any still outstanding positions. Generally, its time to take at least 1/2 profits in anything having triple digit gains and exit any positions that are over 60% in the red. More conservative traders can lower that 100% threshold to 50%, i.e., take at least 1/2 off of any positions already up 50% or better. There are (likely) more trades coming next week and there is nothing wrong with taking gains and raising capital for new trades. Some stock specific comments: FB: The recommended Oct $175 puts are up 180% since August 29th. If you still haven't sold any, a 180% gain in less than 3 weeks is a no brainer. Exit between 1/2 and 3/4 of your puts today, keeping some (if you can) for further gains into October expiration. ADBE: The calls are up triple digits, whether purchased pursuant to the July Buy Signal or the August Buy Signal. Sell at least half. DIA & SPY: If you own both, exit one of them for over 150% gains, keep the other for further gains. If you only have one of the two, sell half. These ideas are based solely on money management considerations and are general guidelines. You know best about your own risk profiles, so err on the side of what you feel comfortable doing. It its taking my advice, than take it. New Trades Pending: BIDU Sell Signal for Monday. I'm looking at the Oct $220 put, currently trading at $7.50. Second choice: Oct $210 put at $3.60 Next Update: Saturday.
