My habit is to lock in some kind of profit as soon as I can and let it run. How much profit you want to wait for is all up to you but I like to lock something in as soon as I can so I don't get antsy about the trade. Now I can just sit back and let it run.

The market is talking to us right now. Boehner's remarks caused a quick pullback, which means that if the outcome of the fiscal cliff could set off a wave of selling like August of 2011, the May 2010 flash crash, or even the 2008 melt down.