The decision whether to take profits off the table is based on your average cost per share in general the price you bought in at (averaged).
I today for the first time with KXL sold some shares and I'm up 300.92%. I've bought this stock from .23 to 2.09 and its not about gloating, It's about the fact that I have finally I have my hands on cold hard cash and I covered my orginal investment. The rest of my stock is float.
This company is absolutely fantastic and we are all about to make some serious cash whether you have 500 shares or 20,000 shares. The fact that David Richardson bought shares in the open market is beautiful, I have rarely ecountered this and you would have to search alot of companies to see this happening at the junior level. This cannot be overstated.
I am an educated investor with an extensive Geology background and sole owner of a private exploration company which will be listed on the TSX at some point in time and I'm still a working stiff, but not for long!
Side note: When you decide to cash in your shares of KXL, make sure you set aside some cash for a stock called BIM on the TSX pricey for a junior but a true champion.