I consider myself a Value Investor. But looking back I am severely capping my gains by selling too early. The answer sounds simple. Don’t sell. But wonder if you have a threshold you consider to Take Profit? I typically buy companies that are near 36-52 week lows. I then target previous highs as my sell targets. My positions typically get closed out because I sell covered calls and then it gets assigned. In my experience, the way down is extremely drawn out. I even find myself having time to average down, even 2/3 times.
Just some examples where I just sold too early.
$JNJ in at $95 out at $150
$AMZN in at $165 out at $220
$GOOG at $160 out at $220
$INTC at $21 out at $35
The stocks above felt like it took forever to reach the previous lows. But the rise up was very aggressive causing several covered calls to be assigned in such a short time. Is this typical? Does it just normally go sideways/down for a LONG time and then just shoot up in such a short time?