Quote:
Originally Posted by Rain Man
In one of my accounts, I set a policy that I would buy a stock, and then when it went up 20% I would sell off the original money, keep the profit in it, and then use the original money to buy another stock. My theory is that I can take advantage of random variations in prices to increase my return, and in the long term I'm building my zero-fee mutual fund.
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My dad and I were kicking around a similar idea. Just cash out after a good pop and leave the remainder in the stock to build a diversified portfolio over time.