IMO, there's no such thing as "free shares." It is similar to a fallacy that gamblers call "playing with the house's money" in a casino when they are temporarily up. "Free shares" are shares you earned by taking on a high degree of risk, and the shares are by no means free, you earned them by spending units of risk. IMO, it is wise to defend and take profits from so called "free shares" with the same voracity you would defend the initial quantity of shares.
Agree! I posted the profile of a master trader here the other day, and he says very clearly that he doesn't hope for a 'home run'. He takes small profits often:
The trick to trading, esp. in the beginning, is surviving. Sure you might clean up betting it all on 'lucky 7' and holding for the 20 bagger, but you could also get cleaned out!
Until traders become experts at reading the l2s and the market, I think it's a great idea to set a clear goal for themselves, like selling with a 35% profit, no excuses. The minute they buy a stock, they should consider putting in a GTC for a 35% profit and leave it there.
Of course, they might lose a 200% run, but they will also avoid things like 50% losses, which compounded, can quickly take them out of the game.
A steady 25-35% gain off a few big runs, quickly doubles one's trading kitty, and allows for more trades.
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