Quote:
Originally Posted by Amnorix
Well, I've implemented your plan already. I had Pfizer bought at $17 and it's at $27, or up 55% or so, and I'd arbitrarily decided to sell at $30/share, which it's been slowing climbing toward for awhile. Instead, I have now sold 2/3rds of my shares, which is enough to get my initial investment back, and am holding onto the 1/3rd as a profit play.
Your take the money off teh table approach makes sense. Of course, lately it hasn't been too tough to get a 20% gain on anything if you were buying anytime after the '08 crash...
In a bear market, finding somethimg to go up 20% is a helluva lot harder.  |
Yeah, that's what has made evaluation hard. Looking back, I started this system in 2006 and ramped it up in earnest in 2007 and 2008. I think I might've moved one stock in 2009 and 2010. Brutal, just brutal.
Let me know how it works for you.