Does anyone use a rule to take profits? When stocks that you owe go hire. I am tired of making great paper profits only to see the profits cut in half or sometimes even turn negative. What rules do you follow to take profits along the ride up?
What happens when you believe in a stock long-term and you have a very low cost basis? Do you still sell and book the profit?
Example, I had BIDU at 60 to see it go to 300 and then back to where it is now. Same with