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AvatarScott Pearcy
Post count: 296

That was a good discussion of the various thought processes going into the decision to sell/re-enter a position. When I make the decision to sell half or all of a position, I usually try to wait until the position has grown to 100% gains (not unheard of in stocks but much more prevalent in options positions!) so the position that remains is actually “House Money”….I have pulled my capital investment out of the position by selling half at 100% gains, and the remaining position is at or near my initial investment but instead represents the growth in the position over time….For those that have been in SLV for an extended period of time, we were at or near 100% gains on our long positions……