Are you following the sell discipline of 20% ? Some of the picks go up 20% in just a few days?
I was thinking we should modify the sell rule to this...
"sell 50% of your position at the 20% mark and then methodically sell your position so that you will be totally liquidated by the time the stock attains your short or long-term targets."
What do you think? With the 20% rule, my portfolio seems to be changing hands pretty often and some of the stocks are going up 100% these days (MERC, etc) The methodical approach works, but is very active.
I would love to hear your thoughts on this subject...