Should I close a winning trade early?

Should I close out a winning trade early?

Jim Fink never closes out winning trades early, but some members do if they need margin buying power for other trades, are unable to monitor their trades for a period of time, or simply get nervous that the stock may pull back.

If you do choose to close a trade early, note that you will almost certainly have to pay a debit which will reduce your profitability on the trade by roughly 5-20%.