What is magic about MRLPs that means they should not be traded? I have both held and traded MRLPs. As long as I can make money doing so, I don't see any reason why you cannot trade them. ARLP I have held a couple of years but every time it dips, I buy another block of shares. When it goes up, I write coverd calls against it. Sure, I occassionaly have the stock called, but over the last few years I have made very good money on it. I did pretty much the same thing with KMP.