Yeah Barret, I see what you mean. It's a tough call to make. But I will only be selling gainers where I think they have had their best for now and sitting on that cash for a bit.
For me I think I would feel worse if I didn't take my profits when they present and watch it wither back down to par in a significant retrace. I seem to have done that a bit too often.
I got out before the 87 crash, put it into rental property and picked up 50% there. No doubt a bit of luck involved, and I may be getting a bit cocky, but I think I am learning to help make my own luck to some extent.
Not saying 87 will repeat, but I haven't made the most of the latest retraces because of not keeping enough cash, but still doubled my little portfolio.
I have been dealing heavily in the spec end and a few I have an eye on are new floats and a couple that need a bit of time for new management to sort a few things out. So If the market doesn't come back as I expect, I have some of these to turn too.
I'm also getting a bit of a feel for expanding my investing/trading into a wider range of products to trade the market both ways. Thats the main reason I am hanging around on threads like this.
Bludy good to see POG take off, but gunna live by my new years resolution... not to get too caught-up in the emotions and have a look at things again later.
With the Dow and Nasdag well down it takes the gloss off a bit and makes for an interesting day here tomorrow.
Just looking on the hourly... that was a stellar performance, but must be about done for now.