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No. of Recommendations: 9
I stated:

Set your stops!!!.....SET YOUR STOPS!!!!

...and horacekgl replied:

Let's see if I understand this. You rode your portfolio and the market down to yesterday. Now after a good UP day you're going to set stops? Please.

Sorry folks, I do not wish to be misunderstood about trying to share hard lessons learned.
You are correct, Horace, I have rode some of my investments into the dirt, I'm just trying not to repeat past mistakes.
After todays rally, I'm now holding three reasonably large winners: NTAP bought @ 60, SDLI bought @ 185 and QCOM (my largest holding, with entries between 60 and 108) cost basis around 78.
I don't plan on riding these back into losses.
So yes, if NTAP drops to around 75...goodby
If SDLI drops below 120 or so, I'm taking 1/2 off the table.
If my QCOM dips again to the mid-eighties, I plan on reducing my exposure to further downside risk but not necessarily selling my entire holding.

Now, if the market continues to rise, I plan on bringing my exit points up to a decent percentage of that unrealized gain with these 3 and later (hopefully) with others I own.
I may not know much, but for my own individual sanity, I gotta start learning when to take some chips off the table.
I want to "lock in" some gain for a change; that doesn't mean that I will abandon all of my cores.
......Now if only I did this with CREE.

Living and learning,
WildWolf2
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