Haven't been here long. 100 days to be exact starting with shares @ $7. Haven't seen this go this high and am wondering if it's time to take some profits or sit on it. Thinking of may be selling half my shares and see what happens. TIA
I sold 2k @ close. Kept 1k for dividend. I was caught in the thirty day wash rule. Many of the sold shares I bought cheap, but because of rule my cost basis was high. When that problem was solved by the run up, I sold. If it falls back, I'd buy a ton. If it goes up from here bless the folks that held on. Anyway that's my story and I'm sticking to it.
I do much the same with several dividend equities and it works well enough. I sold 1/4 of my ARR and keeping the rest for 7.25+ (if it happens to reach that far). My basis is about 6.50 so a deal to me will likely require a SPO or a market correction. Right now, I don't see these great yield equities drawing back in the absence of a market melt-down or SPOs. Even the SPOs, in the current market, seem to have modest effects and a 'deal' might be any price under $7, much less likely anything under 6.75.
Meanwhile, the trick is to line up other high-yield equities so you can have a rotation going on. But chasing yield with out a deal is pennywise and pound foolish. Better to keep a stash of cash so you can invest opportunistically in the event of a correction or meltdown.