WG - great questions, and tough ones too.
Now remember, this is just my own personal opinion, everyone has their own styles, and LOL, I change my mind often.
I always used to sell 1/2, and sit on free shares. But after doing that many times, and watching the value of those free shares drop so often, I did a little analysis of all my trades. I found that I would have been much further ahead $wise, had I sold all, then bought back later, when they come down. They always come back down to some degree.
So now, I sell them all. LOL, but that can also be a bad move, when you start getting the "traders mentality" it's easy to sell too soon, then kick yourself, when the damn things keep running a lot farther than you thought possible.
Just remember, you can't go broke taking profits, and that even if you are only making, 10%, if you can do that every day, or even every week, it's a huge gain, at the end of the year.
I guess a good rule for ones you really like, would be to reduce risk/reward so that your average cost is below, the lowest you think it can go - especially if you can't be on top of them all day, every day.
If you're looking for the "big score" it's probably best, to find a good one on the bottom, and just be really patient, but sometimes, that means years, and I figure, that's just no fun and I'd rather have my $$ working, all the time. |
