If you’re going to call it a position trade, you better trade it like a position: Lindsay Corporation (LNN)
Man, it was painful to see LNN up over $14 this afternoon. The second worst feeling is seeing all of the money you could have made - not being made. But you have to get over it, because it seems to happen all the time. I bought LNN at the perfect spot - just a notch below $50/share:
It moved my way, right away. And it stayed that way. LNN wouldn’t go against me. So I ended up distributing all of my shares for higher and higher prices, until I sold the last of it (which I really don’t like to do with position trades) over $57. Today it traded over $70. This is why it is best to hold some shares of your winners - because they keep on winning.
Oh well, live and learn.
