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I think that if you are selling a portion of your port just to lock in some short term gain may be unFoolish.

The best reason to sell a particular position would be if you have a better place to re-invest the money for faster growth. Another reason to sell a position would be that you are convinced that the company's stock is fully valuated at current levels and growth is minimal in the forseeable future.

You mentioned that realizing the short term gain is fiscally rewarding and that may be true. However, have you tracked the growth of the stocks you sold and noted if your decision to hold them could have been more rewarding? If the answer is "NO" over a period of a year or longer, then you are a great timer of the market. Otherwise, sticking with the great companies you bought for a longer outlook is a better strategy because it saves you the commission cost and capital gains taxes if your account is not in a tax shelter.

I am a initial investor and hope that adds value to the discussion.

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