Originally Posted by
Newman
Whynot: A lot of the talk you hear about selling is from people that are looking to TRADE the stock. It all about selling on the spikes and buying on the retracements. It is risky, for sure, but it can also net you some nifty cash...
I want to add in a disclaimer though: I would NOT recommend doing this with your entire position. There is never any garauntee that the SP will retrace where you want it to, and you don't want to get caught chasing the stock upwards. Only use a small portion of your position to play with. Always maintain a CORE position, and never sell that until it reaches your goal that you made when you bought the stock.... You did have a goal when you bought it, didn't you?