Anavex Life Sciences Corp (AVXL)

[baltimorebullet]

I think it depends how well you know yourself.

About a year ago my AVXL position was about 10x my normal position size.
I was 61 years old, not wealthy, and this seemed awful risky.
I was uncomfortable and sold half.

I immediately knew it was the right thing to do for me.
Do I now regret this?
No, that would be foolish and playing hindsight games.
For the last year I've enjoyed AVXL's progress stress free.


I would recommend most sell some and bank the money, keep some and enjoy the ride.
If you know you'll beat yourself up if you sell some and the share price continues to rise and you'll beat yourself up if you don't sell some and it tanks, you should get to know yourself better and then act accordingly.

In the interest of full disclosure I did increase my position by 20% @$12 a share a few months ago.

https://mebfaber.com/2013/07/26/just-go-halfsies/

https://seekingalpha.com/article/131980-the-wisdom-of-half-positions