Your post reminds me of myself in my early investing days. I will quote an anecdote to highlight this point. I had bought TTK prestige at the then price of around 115-120 levels in 2008-2009, when I found it attractive considering the runway for growth and valuations ( it was then available at 10 PE). In the rally post 2008-09 everything was going up and the better quality stocks were going up even more. I saw levels of around 180 within 2-3 months of my purchase and with a thinking similar to your own, booked my profits of 50% on my investment. A doctor colleague had also bought the same thing on my advice at same levels. He did not sell. In next 2-3 years stock price went up to levels of 6500, a 50 bagger and my doctor colleague was able to sell at those levels. I got 50% returns while he got a 50 bagger inspite of the stock idea being my own idea. Those kind of episodes tend to teach you valuable lessons if you can analyse your mistakes.
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