Here's a question from Gordon in Michigan:
When is it ok to add additional money to a position? For example, I am up about 13% on my PNRA investment (in about 3 weeks). Should one wait to receive sell signals (get out), and then purchase more stock after receiving fresh buy signals? I hope to never get sell signals, and I'd like to own more stock too...
My response:
Good question about when to add more money. Don't add in the middle of a trade. You can wipe out a lot of gains that way. Wait until you are out and ready to re-enter. Then come in with a strong, focused position.
Congratulations on a great investment.
Now go play.
