William Beard Phantom Crane

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you know if you sell you will have a loss. Never fall for that old broker's adage that you don't have a loss until you sell. Anyone who believes that will be eating cat food at retirement.
When you bought that new car you knew as soon as you drove it off the lot it would be worth 20% less than you paid for it. Twenty percent to lose if it goes down instead of up and as it goes up carry that risk percentage along to lock in your profit.
If you do sell never look back. Fagedaboudit! In 80% of those when you do look back six months later you will see you are way ahead in the money is a lot and more than most folks should be willing to risk when investing. Forget "the long haul" as you don't want to take the 40% losses that many investors did in 2000.Usually a good rule of thumb is 10%. When you drive that stock off the exchange floor your risk should be limited. You decide how much you are willing