[quote=Chris Scoreboard Johnston]You should always have your exit strategy before any investment or trade. This stops you from getting into an emotional decision once in an investment.
Whatever your original exit strategy was should be followed, if you did not have one you should exit now and feel lucky that an investment that was spot on but had no exit plan made a gain.
I tell people who are learning to trade this all the time and it never sinks in until they get into this dilemma.[/quote]
Good advice.
This is an multi-year (intermediate-term) approach, based on fundamentals. Not really a trade in days to months regime where you operate (rather successfully, I might add). So I consider this more of a Robert-Campbell or Rich Toscano-style style trend tracking.
My exit strategy is essentially to stick with my approach until the fundamentals and the market tell me to move on. We may be approaching that point so I think the easy money has been made. Probably time to move on.
