anyone who wants to know why i sold 2/3 today pull up a ten week chart or 3 month..draw trendline from the peak on 6/26 and extend it to todays peak. Its hitting resistance, i never chase a 3 day move, and 8 and 21 dma need to catch up with price.
That's fine for you. I have no problem paying taxes on gains. I protect profits. Lets say Vale goes to 17, a 33.54 % return from the bottom. I would hope to have made 50%+ in the same time period trading and locking in profits, rebuying on pullbacks. Also i know that stocks don't go to their targets in a straight line so if i use profits in a stock that is up ( while it is trading sideways) i can put that money to work in something else that is still going up. TIME VALUE OF MONEY.