not many sellers in vpeo, page-18

Hi Freeass its a bit like taking an each way bet isn't it ;) sell some with profit and at least you have locked in some profit. if it drops (depending on the circumstances) you can either buy some more, or you can sell some more (hopefully still coming out in front).

By having sold some at a profit you effectively reduce your risk exposure. Everyone has different risk tolerances, personally I prefer to lock in some profit while I can see it even if it does mean that I could have potentially had more, because in this game you never know what is around the corner, stocks can drop just as quickly as they go up. I don't like automated stops, and I don't have time to watch the market every minute, so that for me works :)

I used to set fixed sell targets and get out completely when the stock reached that price (or percentage gain), But I found that I was setting the targets too low (it was a bull market) so I decided to try letting them run, that didn't work so well for me either as I found they would go up, and then come back down and I missed the profit entirely. So I made a new rule. Some stocks I set definite sell levels. Some I decided I would let run, BUT I would sell a portion at a set level, with the intention of them being free carried, ie if they doubled sell half.

I still made some blunders (mostly when I bent the rules or didn't set any at all), but that seems to work better for me.

Tony.