Hey everyone, curious to get your perspective on taking profits.
How do you handle trimming positions when a stock rises significantly? For instance, if a position is up 15–25%, do you usually hold through the momentum, or do you take initial profits? Or do you wait until a larger milestone—say a 50%+ gain—before trimming down?
Do you trim based on fixed percentage gains, when a stock hits your target intrinsic value/P/E multiple, or when position sizing gets too concentrated in your portfolio? Would love to hear how you manage this in practice.
Cheers.