we're on the same page-
LET THE WINNERS RUN!
this mantra is one of the most crucial elements of making a lot of money in the markets.
trailing stop losses are very important, too. I keep mine at 8%
VNR: Basic Chart for VANGUARD NATURAL RES - Yahoo! Finance=
I bought originally in 6 range, only to sell in 8 range (within the week) and then buy again at 10ish and then sell again. Most recent buy at 12 has stayed put in the portfolio.
it also pays out $2.00 per unit (and it will be increased before next earnings due to acquisition)
If I sold at 30% profit, I would have lost another 50% gain and I would have also lost some dividend monies.
The same applies to SeaDrill which I've owned now for several years. I sold lots of it for gains and now the rest of the holding is basically free and it collects a nice dividend.
Thankfully the protection of stop losses have helped achieve a comfort level of letting the winners run so I can achieve my goal.
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