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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (21335)	6/3/2000 2:06:00 AM
From: she_x	Read Replies (1) \| Respond to of 35685

hi freeus, i'll tell you, that first drop in QCOM scared the crap out of me and i sold most of mine at 120, then later added a little more. i'm right there with you rooting for it start climbing again. i feel fortunate to have climbed up out of the abyss so quickly. wish i could claim it was all skill, but mostly i was just lucky and intuition paid off. that and discipline anyway. i am pretty disciplined about skimming the cream off my stocks when they make a pretty good run. everyone worries about paying taxes but you should worry about paying yourself first. that should always be your priority. i think when you believe in a company and buy the stock you are loaning them money to build out and improve the business. when those improvements start paying off in the way of share price you should take your original investment out and let the rest run. that way you protect your principle and then what you get after that is a bonus so to speak. if you really believe in the company then you probably have faith you can again double or triple what you left on the table. sure you could leave it all and let it ride hoping to make that much more. but as my grandpa used to say...pigs get fat, hogs get slaughtered. i also go by the old "don't put all your eggs in one basket" saying. diversify! can't stress that one enough. she