Monday, September 14, 2015 6:18:36 PM
Just a suggestion, but for anyone who has never been involved in a stock that had a sharp run, prepare yourself. If you have a significant other, sit down with them and talk about your exit / long strategy. It gets very emotional when you log into your computer and see $50,000 sitting in your account. You immediately want to sell. And if you do sell, that's awesome. But before this day comes, be sure you know your financial situation and where you stand with your investments. Maybe you'll sell half and keep the rest invested? Maybe you'll sell all and be done with it? Perhaps you'll sell and wait to see if the price drops allowing you to multiply your position 10 fold. It's all up to you. It can be good to write on a piece of paper "I will sell X amount of shares after this reaches Y amount" and stick with it. There's always the nagging feeling to hold off on selling because "maybe it will go higher". I plan on selling only when it reaches .50 which might take years; who knows. It could happen before the end of the year. There's a lot of "what ifs" and if you can plan ahead, you'll be better off in the end. rooms like this go crazy during a run. People try to figure out what to do, when to sell, should they hold? You can be one step ahead of everyone else by really thinking about what this investment means to you.
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