I think that's a good strategy... but I wouldn't sell just because there's nothing but good news. If you're long something and its going up, just let it go up.

I think that's a good strategy... but I wouldn't sell just because there's nothing but good news. If you're long something and its going up, just let it go up. When it stops going up, then maybe think about it. If its going up, there's nothing wrong with trimming a little off of it, especially if you think it has gotten ahead of itself. The thing I strive for is to never need or want the market to do anything.... to always be positioned such that any way the market goes I'm happy. If the markets going my direction, I just let it. If it goes a different direction, I respond and then get to where I'm happy with it going that direction. Of course the turns are the trickiest (but this is then also in the realm of trading and timing and most people don't need to do that... just buy a good company and hold it.)