Who are the idiots selling?Buy low and sell high is the way to...

Who are the idiots selling?

Buy low and sell high is the way to make money.

I took a portion off the table into open, reducing my average price to about $0.28. Aiming to reduce holdings gradually on the way up resulting in a net free carry. My next partial sell order at $0.69 is already in the system.

I have found setting my sell targets, sticking to them and patiently waiting generally gives a good result. My sell at $0.55 just missed out yesterday, but turned into a $0.615 at open today, and that is only 1c off the day's high as I write. Even just this week LYC hit my target and gave me some profits at $3.01, today it is back at $2.67.

I would assume most people selling today are banking profits, some perhaps looking to buy back in on the inevitable pull back after the initial euphoria.

I personally would never call someone that just made a profit an idiot.