RE:RE:RE:Stop LossAhh, in theory unloading into strength seems like a reasonable strategy. It all
depends on which game you are playing. If its the short game, fine but if its the
long game then your perspective is quite differrent. E.g, if you bought low and have
accumulated a very large position which makes sense because the price was so low,
then selling out on small gains probably isn't what you had in mind. You are looking
to hold much longer and for a much greater return before even considering selling.
The other thing to keep in mind is how the nature of markets can and do change
over time. A large position accumulated when oil was badly out of favour is now
looking at a completely differrent set of circumstances. With the outlook now much
improved and companies behaving fiscally and operationally much smarter, there
is less need to unload each time the market does a little spike IMO. The bigger the
position the more you are looking for the bigger payoff which requires more patience
and obviously more time.