Any Trading Stategies using Options, Warrants, or whatever, to my dilema below would be greatly appreciated.
I own some resource shares that have gone up to a point where my emotions are now starting to take control. When they where at a lower level, I was happy to ride out the ups and downs, but now that I have a substantial paper profit, and am afraid of losing it, every fall in the share price ups my stress level.
I am hesitant to sell at this stage, for a few reasons, one being CGT, another is that there have been takeover rumors, so I don't want to miss out on that, I also think they have the potential to keep rising over the next couple of years. But if Metal prices crash, then my profits could be wiped out very quickly. So any thoughts on how to lock in profits without a huge expense would be greatly appreciated.