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I'm curious on the thought process of more seasoned traders.
Example. Casino Stocks.
I bought in near the bottom of MGM and ERI. ERI has been a rocket ride and I'm up 160%. How far does a guy push the trend on things like that when the economy is just kicking into gear?
That stock is at $45.63 at this time and the high was around $70 when Rona showed up. Does your method lean towards chasing it back to the top, or cashing out a nice clip? Cash out half?
I've got similar going in other sectors like oil......and I've bought enough X at the bottom to offset the ass kicking I got on it buying at the top....and I'm within $.60 of breaking even there. I'm torn between jumping out when I'm green or hoping long term plays pay off for X, GE etc...
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