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Well, to be honest kinda stupid emotional reasons! I was up almost 100% in NET and afraid of the imminent drop after the earnings report that I thought was about to come...


Hi Wolf, thanks for your response. It sounds as if you were scared because of the price rise, which is a natural response. But you have to think whether there is a good reason for the price rise, and in this case there was. As I wrote in the KB, I NEVER sell out of a position because it has gone up, or doubled, or whatever. If the position has gotten so large it makes me uncomfortable (like when Zoom hit 31% of my portfolio), I'll trim it, but I won't sell out unless the story has changed. Think of it this way: when Amazon went from $5 to $10 (split adjusted) you might have exited because it was up 100%. Well now it is at $3300 and something. It was up 100% again when it hit $20, and 100% again when it hit $40, and $80, etc. Getting out because the price has gone up really limits your gains.
Best
Saul


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