TSXV:WEE.H - Post by User
Comment by
diogneeson Oct 06, 2010 3:16pm
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Post# 17536501
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RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RENo one ever wen broke taking a profit does not mean cashing in all your chips, just taking some money off the table.
It is never prudent to go all in when buying a stock. Take an initial position and then keep nibbling away until you have the position you want at an average price. Sell the same way. No one can pick either the top or the bottom
It also has been proven that when a stock price drops 10% there is a 70% chance that it will drop much further.
Moral is cut your losses early on.
As Kenny Rogers said "You've got to know when to hold 'em and know when to fold 'em"