When to take profits?

Discussion in 'Ask any question!' started by lukejt, Nov 11, 2021.

  1. lukejt

    lukejt New Member

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    I am fairly new at trading and have a question. I have two stocks that I bought 100 shares of each when both where around $100 a share. I have held onto the stock for a couple of years. Both stock have split and I now have 600 shares in each stock. One stock is up 400% and the other 300% since I initially got them. Should I sell off some of each? That's where I not sure If I should sell of all or keep at least a portion of each, maybe keep the equivalent of what I initially invested?
    Not asking you what I actually should do, but what type of strategy should I use for selling/holding stock like this.
    Thanks
     
  2. emmett kelly

    emmett kelly Well-Known Member

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    what are the symbols?
     
  3. lukejt

    lukejt New Member

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    sure AAPL and NVDA.
     
  4. emmett kelly

    emmett kelly Well-Known Member

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    good companies. i've been drinking the long term investor kool aide :koolaid: for a while, so i'd say hold on to both of them.


    edit: but if you need some cash, take it from nvda. that chart looks like it is due for a pull back.
     
    #4 emmett kelly, Nov 11, 2021
    Last edited: Nov 11, 2021
  5. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I'd sell if I had another, better stock to own.
    One of the reasons for selling after a big run, is because it is tougher for big companies to continue outperformance.
    Eg. AAPL is a $2.4 trillion company it is much less likely to increase 50% than NVDA is.

    It depends what you are trying to do with your investment. eg Are you benchmarking against SPY, or QQQ?

    I wouldn't sell NVDA, it is tough to find a solid big company that might perform better.
    I would sell AAPL, and an easy alternative to go into would be QQQ. No stock picking involved.
     
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  6. TomB16

    TomB16 Well-Known Member

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    It must be difficult to be a sad clown when you are such a fantastic investor. Keep up the good fight, brother. :thumbsup:
     
    emmett kelly likes this.
  7. ddebrazza

    ddebrazza Active Member

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    Go ahead and lock those profits in buddy.... I would. It doesnt cost you anything to buy back in. Then at least, God Forbid, something happens, you have a percentage already off the table and locked in.

    I am a big fan of locking in profits when they are there. Can always buy more.
     
  8. Stockman2015

    Stockman2015 Member

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    When you really, really need the money. If you see the company can continue to grow dramatically for the next 10 years, then leave the money there to grow. In fact, I would continue to add additional funds as you can, even $50/month if that’s all you can do.

    I for one have been very reluctant to learn about blockchain and the market luckily I have seen how it simply affected the stock market, take BTCS for example. They are a blockchain technology focused company, which has announced that The Nasdaq Stock Market LLC has approved the listing of the Company’ common stock on The Nasdaq Capital Market (“Nasdaq”). The Company’s common stock which began trading on Nasdaq under trading symbol “BTCS” at the open of the market on Tuesday, September 14, 2021.
     
  9. B Russ

    B Russ Well-Known Member

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    Aapl is paying dividends now as well…food for thought….and i foresee them to continue to grow, as well….
     
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