Quote:
Originally Posted by GregWeld
Couple of things come to mind here:
NEVER be afraid to take a profit (gain).
Nobody ever went broke taking a gain.
When your gain hit big time -- I'd have been scaling it back.... paying the taxes and reinvesting it in other things. THEY ALL might have taken a huge hit in '08 etc --- but the hit would have been to "free money (the gains)".... and as long as you were ahead of the original $2500... that's what counts.
It's okay to go with your gut feeling! What else is there?!?
None of us will ever get it exactly right. For every gut feeling that had us take a gain or loss.... there will be plenty that hit you broadside -- or that keep running after you take some off the top. I've never gotten it perfect. Never will.
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All excellent points, and lessons I learned the hard way.