please help with honest answer. mtg is my largest position . i have 30+ stocks and i am not a day trader. i have owned mtg for over 2 years and yes i did average down. now i have profits , should i take half off the table ? thanks for honest answers
When a stock shoots up 27% in one day. Sell. This will pull back, guaranteed. I have had made the same mistake over and over by holding in these circumstances- unless it was being bought out.. Take the profit and get back in when it pulls back where you think it is fairly priced, based on your evaluation. The 4th quarter losses MTG just reported does not help its short term cause as well.. It will likely follow through Monday AM. but after that point ???
I can see it in your post that you are not honest to yourself, how can we help you? This is the first time I saw you posting here and right away you are asking some advise with honest answer. There is no honest answer in this message board only opinion is at best. Good luck to you and prosper.
why do you feel im not honest to myself? my biggest problem , after almost 40 years of investing is that i don"t sell stocks. i have held stocks for way too long , in some cases down to 0 . otherwise i would be on some island without internet .