Is Choosing Not to Book Profits Now Like Going After Pennies in Front of a Steamroller?

Does the investment proposition to the left look attractive to you? Picking pennies up off the street ahead of an onrushing (ok, oncrawling) steamroller? If the past few years have demonstrated anything, it’s that while such a strategy can work on occasion, those who get greedy and stay for the last few pennies will eventually get flattened.

It seems as if this year, many (though by no means all) of the more popular profitable trading strategies have involved picking up pennies in front of the proverbial steamroller. The fabled front-end roll-up trade, discussed in this space on several prior occasions, is a prime example.