I run a 10% rule......no matter what gain a stock is looking at ‘possibly’ being I jump ship at 10% (not inc brokerage) this is also mated with a 2% stop loss. I sell at 10% and if I think there are more gains to be had I re-buy.
I absolutely understand I miss out on some gains and realise I am paying extra brokerage but I find it works well for me. Today for instance I was in and out of ROO 3 times.....$1,000 parcel each time to keep in the $10 CommSec brokerage bracket (I don’t normally re-invest gains).
I normally run 2-3 open positions at a time on these day/short term trades but also have my medium/long term stocks which hold the largest portion of my investment......short term stuff is the fun that keeps me interested.
