LB's - "the edited stock pit"

[harbs]

when people know that i trade, they always tell me about their stocks they are in...

generally i find that most people that finally do nail a winner, say they bought at $8 and it's at $30 think they have actually "made" that much money...

i continually have to remind them they haven't made anything till they sell, and they ought to be taking some off the table to be safe..

i believe that a "trailing stop" is a great tool for people planning on holding a stock long term and hoping for huge gains...