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Author: rjf53 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 23952  
Subject: Re: The Wheel of Fortune - Not Date: 9/21/2012 9:59 AM
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Selling shares to harvest profits isn't difficult. As the saying goes: "No one ever went broke booking profits". Oh, sure, one might suffer pangs of unrequited greed if the stock continues to climb higher (at times, quite a bit higher). Yep, it happens. Not all that often in my narrow stock universe.

Well it's difficult for me that's why I wrote my own little version of Wall street wisdom to help remind me why I need to do it anyway.

B’s paradox: The safest point to make buy/sell decisions is where the likelihood of experiencing pain seems to be the greatest.

Simply stated if my alter ego isn't shouting in my ear "You're gonna regret this" when I'm selling at approximately the same volume as he does when I attempt to catch a falling knife then I figure I've been distracted from my game plan.

I'm always committed to buying back sold shares in order to have my holdings grow over time. Buy-book profits-buy more-lather-rinse-repeat.

Me too, I think of it as my risk, risk, de-risk game plan.

I still get queasy clicking the "Place Order" button, though.

It's a relative thing. Try looking at the place order button only to realize you have no cash to put to work and then get back to me. :<)

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