I'm trading around a core always, I never hold a full position, and I never take a full position, kind of hard to explain concisely.
But I identify a portion of my portfolio I ma willing to risk, in the case of SGLB max 10%. That's my full position. I identify fair price to pay, and then identify a greedy price to pay, or think might be possible to buy with enough patience. So I managed to take on about 70% of my target under .0341 so far and lessened risk by tapering down to 50% on the move to .043-.051 then added back up to 70% again on the move below .043 and when i saw price breaking .0341 and .03 added up to 80% (saving 20% for lower price)
But low and behold it runs on me before I can fill up more. Now I have limited my risk, and already have a cash profit, and have a relatively full position, and also I am above my buying price, and am in a position to profit slightly if the price rises again.
On the disadvantage side if I take profits on the run and it doesn't come down i'll be at about 1/2 my intended position, then 1/4 and so forth.
I balance the risk of missing the run by taking advantage of downs and ups, in theory over the long term it guarantees returns but limits upside somewhat.
I think I will hold at least 25% of my core to the end of the story , so as price increases I would sell less and less stock. Try to average the distribution so I would receive a constant inflow of return from the portion excluding 25% in dollar terms
Working a strategy like this is good if you really don't want to just wait, but want some guaranteed returns.
However if you have enough to spare, or are not confident in your timings but still believe the story and the company, buy and hold is not bad, for a really simple strategy.. buy and hold until you have double then cover your purchase price and hold the rest.
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