TBH most of my positions have short-medium sell target if everything goes as planned (which never happens). I dont have any purchases planned atm. Only AMZN and TSM are to keep forever. So I understand Berkshire
My guy what is your point? I understand what you're saying. There are no hard and fast rules here, the goal is to protect yourself and to secure your gains. One school of thought is that if you aren't missing out on some gains, then you're cutting it too close and you should be exiting earlier. The goal isn't to perfectly time every exit, but to minimize your losses and to secure your gains. That definitely means that sometimes you're going to take profits at 2x and miss out on a 5x, but how many times do you wait for a 5x and at 2.1x it dumps and you end up losing money?