Daeubner: Wolford - Hold on tight!

A good 3 weeks ago, we spoke about the break-out of Wolford. The stock did follow through and gained 10%. Sure, some ideas presented by me were stop out and taken out of the market, but the big winners sure make up for many small losses. The only - and maybe most import question is when to sell. Now, that you are looking at a nice profit, should you lock it in? Human psychology dictates us to do so. But are there any technical signs indicating weakness? No, not at this point. Sure, the stock is just as likely to correct back to itssupport line as it is to continue its upward trend. But even if you give back some of your winnings, it is wiser to hold on to your winners as long as you can. Ultimately, trading is not about entry´s. The difficult times are the ones you are facing now - when you least expect it in the chart and everything looks great - that´s when you need to reap the fruit of your labour. Sitting tight is a rare talent, as Jesse Livermore would say.