never sell your winners

Agree. Let winners run and cut your losses short is how you can have a 40-50% win rate and still make above average returns.

I was in SHOP for 200 shares at 345...sold at 480 and thought I was gordon fricking gekko.

I don't have the time to monitor the markets enough to swing trade or day trade. I am kind of glad I don't because it would never stop.

Cgrand, I’m with you, I sold Netflix at 90 yrs ago, what a mistake.

Been burned just like you said.

That’s why I’m holding SRNE through the weekend.

I don’t need to make use of my gains right now.
what I need to do is build wealth

I am in the vegetative stage, not the flowering stage.
buy and hold is great but buying and hold is better

Can't really agree or disagree. It kind of comes down to what a fellow asked me 20 some years ago: are you trading or investing? He got pretty deep in the weeds about the distinction and the varying approach and mindset that's needed for each. So that's why I always ask that (annoying by now ) question when guys come on here asking for advice or picks.

When I read your post, that's the question that popped into my mind. Nothing necessarily wrong with what you're doing either way. But at what point do you call a winner a loser... and how much time do you give a loser to potentially turn around? I mean, using your NFLX example. I don't know where you bought it, but let's say it was $425. Do you set hard or soft stop losses, so that if it dropped to $400 (or whatever) you'd be out? And then if it's a winner and goes to $500, you don't sell, right? But what if it then drops back down to $435. You still have a winner, but you've taken a fairly nice shot and given back most of your gains.

Like I said, I'm not agreeing or disagreeing. As long as you have a rule set that you're following, and it's not just based on emotion or gut feel, you can be a consistent money maker over time. When things start going sideways, that's the hardest time for most (myself included) to stick to the backtested rules that have been established.

Good luck with it though.

Looking back over the years of trading I never question where I bought a stock at, it’s always when I sold

I had a TWLO long option call dialed up a month or two ago at $2 debit for 5 contracts. Was in TOS this week looking at a vert spread on TWLO and that trade was saved and the contracts were worth $65. Just fml

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I remember a couple years ago on here someone started a thread about sell your AAPL, they're going down!

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I started a thread on here maybe a year ago asking if I should sell some. It wasn't that I thought it would go down, just maybe that it wouldn't be a fast growth stock any longer due to a maturing smart phone market.

My issue was not with the company itself but rather that it's become such an outsized position in my portfolio since I'm up 340% or whatever.

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It’s nowhere that simple. You have to take profits where you can. It’s not a as simple as “just keep holding and winning.” You learn the hard way taking unrealized gains for granted and they can evaporate pretty quick. There’s always another play, probably even in the same position.

You’re always going to have regrets whether buying too soon or selling too early. Gains are gains. Nothing else really matters.

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right. anyone who sold as soon as this market started tanking....i do not blame them one bit. they said screw it i am taking in profits.