Only been investing since October so very new but learning.
One thing I can’t quite work out is when and how to take profit.
Do you let a holding grow then take your initial investment, leaving only profit to carry on that holding? Do you take profit and leave remaining investment?
I’ve got some that are 100 / 150 even 300% up and am keen to avoid seeing a repeat of one holding I had that went from 170% up to 6% up (still better than having it in the bank, but that lost potential stings a bit)
Then, do you re-invest that profit or use it as income?
I guess alot will come down to long term plans/ how risk averse you are etc but would be really grateful to get opinions on this.