Nobody ever got rich taking profits.

Read that subject a couple more times

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Brag poast because I have held onto ATML. They make much of the touch screen technoloy for the IPAD and computer industry.

This thing is ROLLING.

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Now you tell me! I just put my life's savings into KOG........

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All those people that took their Apple profits at $25 agree with me.

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You don't think Steve Jobs was rich at Apple $25?

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Nobody ever got rich taking profits.

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Actually thats precisely how you get rich.

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Poast

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Smart people also don't risk what they can't afford to lose

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big move is precisely when profit takers usually take profits. I don't know anyone advocating taking profits after a small move.

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Define big vs. Small move?

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The guy that started my company was an angel investor in Amazon. He scale sold all the way up in a very disciplined fashion and was laughed at by all his co-investors for "taking profits too soon". Sure, if he had timed it right, his $50K might have turned into more than the $30M that it did, but he was just peachy with the result.

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Exactly.

Many ways to skin a cat.

Hitting it big by riding the rapid profit escalation of a single security as a predominant portfolio holding with no skin in the game in terms of a Management and/or Board position in that company, is akin to winning the lottery. Someone will make big money doing it. Most will lose their shirts even after an initial run up.

Investment Lesson #1: Pigs Get Fat, Hogs Get Slaughtered!
Even though an occasional Hog happily slips the grasp of the SlaughterHouse, it ain't an enviable situational risk.

In terms of profit taking, prices are fluctuating within fairly predictable trading ranges at present. Taking profits within a diversified portfolio at intrarange peaks and repurchasing at lows works wonders for returns. Depending on income level, the tax exposure can suck, but the profits are solid.

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The only thing I would have done different than my guy was to use options. I would have sold the shite out of front month volatility each and every month until it stopped working. You could have reaped tens of millions in premium and still been left with the stock position.

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Yep. Increased profit without significant risk increase.
That's the game.

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Depending on income level, the tax exposure can suck, but the profits are solid.

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I'm doing this in my Roth, so the only downside is the $10 per trade cost. It's a nice scenario when your stock goes down for no good reason, you buy, then it goes up for no good reason, and you sell, just before it goes back down again...