A great surprise

We are taking profits on a trade we entered in October 2017.

Taking profits has always been harder than buying a stock.

You will experience one of two emotions:

• You will sell too early and watch the stock rise another 50-100%. That hurts.

or

• You will hold and watch all those paper gains evaporate before your eyes. That’s brutal too.

So I came up with a rule

No matter what, we will take partial profits on a position if it gains 100% or more in less than a year.


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Category:
Portfolio Change