This is not the first time this has happened to me. I bought a stock recently (CHL) and saw a decent gain within the first few weeks of 7-10%. Sure enough, within another few weeks, the unrealized gain had been wiped out and now instead of up 7-10%, I'm down about that much.
Selling outright for the gain obviously depends on my goals (e.g. "Is this a long-term investment", etc.), but doesn't it also make sense to protect my gains?
Should I have set a stop loss? Or a trailing stop? What do you do when one of your long-term investments enters decidedly into the green?
Same thing happened a few years ago with AAPL ($125 --> $85/share or thereabouts) although that has recovered and then some.
Thank you.
Submitted February 15, 2018 at 11:48AM by Beetlejuice_hero http://ift.tt/2swvHsn
