"Final Note (for Now) on Selling!"
Hello Friends! Thanks so much for stopping by and visiting my blog Stock Picks Bob's Advice. As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisors prior to making any investment decisions based on information on this website.

I have been making a few comments about my selling strategy. Big changes will be hard to implement and after all, I like to have these targeted sales at these levels as this makes my portfolio more responsive as an indicator of market action.

So what to do? Let's start with a small change. Instead of selling 1/4 of my shares at the previous 30, 60, 90, 120% intervals; I shall instead try selling only 1/6 of the remaining position. Let's see how this works in the long run. Thus, I shall be able to implement this right away without changing intervals which have already passed.

For instance, if we go to the 1,000 shares at $10 situation, after the stock appreciates 30% ($13/share), I shall sell 1/6 of the shares or 166 shares leaving 834 @13 = $10,842. Next sale (60% gain) sell 1/6 of 834 = 139 shares leaving 834-139= 695 @ $16= $11,120, third sale sell (90% gain) 1/6 of 695 = 115 shares or 695-115=580 x $19 = $11,020; fourth sale (120% gain) sell 1/6 of 580 = 96 shares, or 580-96=484 @ $22 = $10,648. And the fifth sale (180% gain) means selling 1/6 of 484 shares = 80 shares, 484-80=404 x $28 = $11,312...

This will be easier to implement. Instead of selling 1/4 of my remaining shares at the same intervals I shall be selling a smaller 1/6 of my remaining shares. PHEW.

Let's see how this works.

Thanks for bearing with me! Drop me a line at bobsadviceforstocks@lycos.com if you have any comments or better suggestions! Regards.

Bob