88E - Family to hold for a year or till drill?, page-31

I myself am learning about trading - thought I would share what helps me decide on long term holds vs. short.

Firstly, I have a defined growth target for my portfolio. Each month, based on short term holds (anywhere up to a few weeks) if this target is met - then I don't reconsider my long hold positions.

In a situation like 88E, where I am holding out for the long term, I might sell some to make a small short term profit and buy back in (or not if I think the volatility isn't there) - this way there is gain, but should it take off I still have some invested that will benefit. This worked well for me on NWH as an example.

To recap - having a clear achievable growth target, and selling some but not all of an anticipated long term gain stock helps take the emotion out of decisions I make.