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Re: pete807 post# 69

Thursday, 11/30/2017 6:41:14 PM

Thursday, November 30, 2017 6:41:14 PM

Post# of 379
Right. If DK moves to mid-30's on the same sort of timetable we've been seeing, then we know it won't have lost its gas tank and can be expected to continue rolling along.

We can often sense legs moving higher. Some believe they know when the walls are about to crumble. I'm ok with the legs moving higher but have regretted stepping away on too many occasions when clouded by uncertainty.

I typically sell a quarter to a third of a position when gains have been fast and furious and hugely profitable. This explains my continuing to hold 10,120 ALDW. But even if NGL rises to $30 in the coming year, I doubt I'll be a seller unless I'm hurting for cash. The reason for this?

There's got to be reason to sell! Fear may be a driver at times but I refuse to be pushed into actions by fear alone.

Many sell when they make a meaningful gain. They're afraid of seeing it dissipate. I don't have such concerns---not because I can cover losses but because I know I will lose some and win some. I accept that I am not perfect.

This is why I chose to rest on the seventh day. Even I get tired. lol
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