$heff's $tation of $tocks & $olid DD

[$heff]

Trading Rule Number #1: Sell Your Winners: This may seem counterintuitive, but – if you want to succeed – you must sell your winners. Thinking like a plumber to prevent losses – is only part of the success equation. To be really effective, you have to take profits, too. That way, you get more capital that you can put to work. Think of it this way – Safeway Inc. (NYSE: SWY) regularly replenishes the inventory in its produce Department to keep it fresh. You should do the same with the “inventory” in your portfolio because, if you let your stocks sit on the shelf too long, they’ll eventually go bad – just like fruit that’s past its expiration date.