Securing profits is always something I’ve questioned myself on. Picking the proper timing, and/or the proper stocks to pull gains from. Generally, I start thinking about it once I hit a ~20% gain on a stock. Selling just to secure gains is the only reason I’d sell. I’d reinvest that money into another stock or investment. Just wondering what others do, especially with those long-hold stocks.
Appreciate everyone’s feedback, and sharing some knowledge. Some really good points made. Seems like to each their own when it comes down to it. Securing the gains is my dilemma; not dissolving all my shares in the stock. Having a rule for yourself takes the guesswork out of when to sell. Obviously we cannot predict the market, but holding for the sake of holding seems counterproductive to the goal of investing. That is making money, and using that money made.