When a position meets our objective, the goal might be raised, but we will usually step aside, especially if the stock has gotten very noisy. Taxes are paid, not worried about. We consider selling short part and parcel of aggressive money management. Having appropriate short positions keeps you in tune with market fluctuations. Sometimes holding cash, or what we call returning to the Briar Patch, makes sense.
Losses are an inevitable part of aggressive money management.
When we are wrong, we take the loss and regroup for better opportunities. Focusing on the total cash value of the portfolio helps keep things in perspective. Our initial portfolio will have a small number of positions, usually about ten. Additional portfolios may be established to fit readers' needs. Venturesome individuals will find a successful combination of knowledge, savvy, patience and action at the Briar Patch.