|
David, I agree with Eric P. Whenever I reach a 20% profit or a 5% loss I put my finger on the trigger. I don't necessarily sell at that point but I watch it real close. Depending on what the market as a whole is doing and the stock, I make a decision. Sometimes that decision is to sell for the profit, or cut my losses quickly, and on occasion, I have even added to my position. Last year I was using +25 or -8 and it worked pretty well, but you just have to keep adjusting according to conditions. The key is to decide on a strategy and stick with it. What to buy is not the hard part, when to SELL is the killer. Right now, anytime I can get 20%, I'm happy,happy,happy. The other hard part is deciding to hold overnight or not, the morning gap can make you or break you. Good Luck, 8-) |
