When I first started, I used to hold them stupidly to get a real big return. Now, however, I've started buying selective stocks in lots of 500 or 1000 shares. I usually sell when I get a targeted gain.. Sometimes 12%, sometimes a little more. The reasoning, at least, in my thinking is I get a fair return and I am out. Recently it has worked well. But on a few trades I sold at like 20, and a few days later it is at 24. Am I being too conservative?
How long do keep a stock?
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it depends if it is a momentum stock....like goog, cme, appl....when those are running...you just hang on for the ride.....let your winners run......ma is sort of a momentum stock....before the last week or so....but since the ipo.....that was a momentum stock.
Don't use stop losses anymore. When I used to use them, all had stopped out and then bounced back in the after-noon or next day. I sell now on a percentage basis. I allow a stock to go down as much as 14%, I sell round the same... Depending on the stock. I used to use the 8% average, but it seems a lot of people were using that percentage. Not doing that bad.. Clearing around 14k a month.. Not as much as I would like, but started options again.. I n the + so far. 