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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus who wrote (57833)	8/19/2016 5:28:24 PM
From: Lazarus	Read Replies (1) \| Respond to of 78740

OTOH if you're a more active trader you would need to adapt a strategy as mentioned by the previous poster of selling into the moves up on earnings releases. I have done this with some stocks where I sell half when it doubles and half on the next double - and so forth. However - the truth is I've made the most money just sitting on my hands and have watched MANY stocks just keep on climbing after I made my exit... not realizing I was sitting on a 20, 50, or 100 bagger. On the flip side, I've lost a lot of money that way - because I have let a lot of positions just drop to ZERO because I didnt have an exit strategy for being WRONG on my pick. So to add to this I would say that while these penny stocks do rise when earnings reports come out and they show improved revenues and profits... I have made a lot of money ADDING to my positions and averaging UP into good earnings and growth. IEHC is a good example of stock i let get away from me... having originally bought it around 1998 for .15 cents. It's a good example of a stock i would have been wise to average up on. When I sell, I am faced with the problem of finding something worthy to re-deploy into, which isnt an easy task. When its all said and done - you have to figure out what you're comfortable with. You will never lose money taking profits... but you can leave more money on the table then you ever thought possible --- I CAN GUARANTEE YOU THAT!