When do I sell? Why not use limit orders?
One of the funniest things people ask me when they email me questions is “When should I sell?” I get the question over and over sometimes from the same people about the same stocks. This is over and over. I can never answer an individual and give that individual advice. It’s an attorney think… you understand. I can answer the question generically. My basic personal principle is to take a profit. I always know what I want out of a particular trade. I always know that I am more than willing to pull the trigger at 20% or better. I…