Quote:
Originally Posted by shawnly
I'd agree with booking profits; being in a situation where you're like "o damn, could've/should've/would've made more $$$" yet still profitable is better than "o damn, coud've/should've/would've booked profits when I had them". Also what's to say your estimate isn't an over expectation. Depends on the volatility and the type of stock you're in, in the end I guess.
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just because you have some profits doesn't mean you should leave a stock, not all stocks have a benchmark amount to increase. if you're always after 20% return, many won't get there in a good timeframe, and others you've researched on have potential to go way higher than this
and if you're estimate is way off, its because you either suck at analyzing, have new data/info coming into play, or just had a bad play
taking arbitrary profits is not investing, its gambling, taking profits upon analysis is wise investing, that's my point