When to Close Stock Position?

Today I am quite upset as I look at the stock that I have closed postion by contra rocketed high!

I closed the position when I hit my target, but the stock price carried on with its uptrend. I may have to review the way that I set my targets. Not all stocks should have the same target as they behave differently. I need to be more intimate to the list of stocks that I have short listed in order to understand their behaviour.

But like a friend of mine ever said: "We cannot be earning all the money, else the market will be dead like a sleeping bear as there will not be other players. So we must share the profit!" In this case, I am sharing the profit, or the wealth from stock market, with others so that we could all enjoy this market : )

Link to Stock Wealth blog