Yesterday was incredible.
I have always found it difficult to take profits from the initial position so I try to buy say 20% more than I am really comfortable with. Then it is much easier to day trade that 20% if the opportunity arises as it did yesterday (although I was really lucky too). I was able to average down to $0.06 per share. In yesterday's case it was 40% that I was working with because I had added twice from my initial position so was overweighted but still felt comfortable. So my 40% is now off the table but will be back on if the SP drops on the otherhad I'm happy to be with my core position if the SP continues up.
Enough on the trading philosophy, each of us has our own limits and tolerance for risk. The important thing is to be comfortable with your own positions and decisions.
New book titles
NOT in my Wildest Dreams
NOT Once in a Lifetime