[Soultrader]

	Quote:	Trade Up
	I also think that the entry point is more important than the exit point. Until you have an entry point, you do not have a position to trade, no position = no potential profit. After taking the plunge to buy a stock (assuming you have bought the right stock at the right time) it is up to you how greedy, or fearful you want to be. Greed = potentially holding on for too long Fear = the fear of losing, or reducing a profit Fear and Greed are what makes the market go around.

Nicely said Trade Up. I have predefined exit target points and stop loss points on every trade to reduce the emotional aspect of trading. This allows me to control fear and greed.