Quote:
Originally Posted by GregWeld
Note that the close of KMI today was it at $31.79
Now you see how this can SOMETIMES work out.
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This "trade" has just gone green.... with KMI trading at $32.52
This is where you learn whether or not you're "greedy" -- meaning that the trade worked as you wanted it to - but now - rather than stick to your plan and sell the original shares etc as explained in the thread...... instead you decide it's worked so well - and you want even more gain - so change to holding it for an even bigger gain.
OR........
You stick to "the plan" - acknowledge that you were lucky this time - beat the street... and you breathe a sigh of relief. Pull the trigger and sell the higher cost shares. And carry on. And use the new cash to go back to your "adding to existing holdings".
Remember that this trade works SOMETIMES --- and the greedy dudes end up holding the far larger % (the 5% rule) and then it can go SOUTH real quickly and destroys your plan and your account. That's where the saying "pigs get fat and hogs get slaughtered" comes from.
