I started out thinking like that but yeah after a few years (literally been trading for 3 years) now my mind is more like looking for 5 cents. I'd even be happy with 4 considering Im down now.
Either way I bought my first shares at .07 and Im averaged down to .032. Would love to get it below .03 and then Ill hold because I think this will go above .03 again.
If it holds at that level for a year, take it then. You will save quite a bit on your tax liability. The gain moves from Short to Long term, more favorable tax liability. Though if you are worried about a drop back to this level, you might want to take the gain and just bite the bullet on the taxes. Caveat, if you have other investments that have losses, you can use those to offset some of your capital gains here, but only up to $3,000.
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