There are no rules as to when and how to book profits, it is all personal. Although, it is said that to enjoy big returns, serious returns, one need not sell, half or any portion, but leave the stock run its course.
Leaving and not selling could turn out to be a sad decision in the future if price falls unexpectedly. A few days of lower circuits for any reason, and half of accumulated profits over the course of a few years, are gone.
Selling half will not bring tears, as the profits are real, and the proceeds will be used elsewhere, but it could turn out to be a costly mistake, if the unsold half becomes large and becomes the best investment of our investing journey, the stock which made us, so to speak, and the thought of what if we had not sold can cross our mind.
Many other possible scenarios, on both sides. All of these are easier said than done.
Have you had the experience of a five bagger and sold half of it? If you have not, then I guess, the decision will not be as simple as you posted.
I have not experienced the selling myself, but for the positions which have the potential to go that way, which I believe will have material impact on the journey, I will follow the price. And, as we gain experience, the quality of patience can be acquired.
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