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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Bearcatbob who wrote (39609)	2/27/2005 8:26:14 PM
From: chowder	Read Replies (2) of 206319

Bob, there is an easy solution to your problem. Most professional traders use what is known as the incremental sell rule. You can sell 1/3 of your position, or 1/2 if you choose, and lock some profits in. The biggest mistake a lot of people make is, going all or nothing. By taking some profit now, it relieves the stress and frustration of knowing where to sell. If the stock continues higher, you benefit. If it starts to fall, you benefit. It's a win-win situation. Manage greed and fear by using the incremental sell rule. Just another perspective. dabum

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