My Boss: "If it's working, BUY MORE!"

Don't make the same mistake I did as a young hedge fund manager!

Two decades ago, I was starting my career as a portfolio manager at a local hedge fund. It was my dream job and I was determined to make money for my clients -- and in turn, make money for my young family.

One day in particular, I had a position that traded sharply higher.

I was surprised, excited, and felt like I needed to do something right away to lock in that profit.

So naturally, I sold the position. I took the gain, and started looking for the NEXT opportunity.

Smart, right?? -- Not exactly!

Later that week, I got called into Bill's office. Bill was my boss and had started the firm back in 1985.

I thought I was going to get a pat on the back for a great trade. But Bill was actually upset with me for locking in the profit.

"Zach! you missed out on some big potential gains! Which means our CLIENTS missed out on the profits they're paying us to find for them!"

Bill went on to tell me a statement that made a huge difference in my career:

If it's working, BUY MORE!

Later that day, he wrote the phrase on several index cards and posted them throughout the office.

His point makes a lot of sense when you think about it...

Staying IN a Trend for Maximum Profit

Stocks that are trading higher tend to continue trading higher.

Which means if you take your profits too quickly, you'll miss out on gains that are rightfully yours! After all, you did the research and took the risk to place the trade in the first place. So if it works, you should stick around to get MORE of your well-deserved profit!

Of course stocks don't go up in a straight line forever. Just like trees don't grow to the sky.

But I see many traders make the same mistake I did back in 2002. They take profits off the table too quickly, while keeping stagnant positions in their accounts indefinitely.

Don't make that mistake in YOUR account!

Let's think about how this applies to today's market.

As I'm sure you've seen, the broad stock market is hitting new highs. And the action has been driven by the "magnificent seven" mega-cap tech stocks.

Several traders I know have enjoyed profits from these stocks.

Heck, my Speculative Trading Program booked a 213% gain on Meta Platforms (META) using an options contract last week.

But all too often, traders tell me they locked in a profit, moved to the sidelines, and then watched as their favorite stocks continued to trade higher.

That's disappointing!

I'm all about managing your risk. And there are times to exit winning positions before giving too much of your profits back.

But in a bull market like the one we're in right now, it makes sense to KEEP your trades in play while the market continues to trend higher.

A Real-Money Trading Portfolio...

As I mentioned, my Speculative Trading Program has a position in META.

The stock surged more than $90 per share on Friday, handing us a windfall profit!

META has been on a tear for quite some time now. Just look at the chart below and notice the 15 months of great returns from this play!

When shares surged higher on Friday, it was tempting to close out the position. And we actually DID lock in some of our profits from an aggressive options position.

But there's a special hack I use in the Speculative Trading Program to book gains and take some risk off the table -- while STILL keeping a position in play that can allow us to accumulate more profits if the trend continues.

Instead of closing out a trade completely, I use a different options contract to "reset" my trade. This allows me to keep accumulating profits if META keeps trucking higher. But it also reduces my risk if this turns out to be the final surge for this popular tech stock.

I love this approach because it gives us the best of both worlds.

We can follow Bill's advice and "buy more" of a play that's working well...

And at the same time, we can take some of our gains off the table so we're protecting the trading capital we worked hard to set aside.

I'd love to help you learn how to use this trading approach to lock in more profits while still letting your winning positions run. And at the same time, I'd love to help you FIND those winning stocks that have potential for long-term trends like the one META is enjoying today.

If you'd like to see the stocks on my radar, and learn more about my trading approach, be sure to download your free copy of my recent watch list. You can use the link in the comments below to get your copy.

We're in a good market season for accumulating profits. Make sure you are making the most of it!

Here's to growing and protecting your wealth,

Zach