I bought Rocket Lab at an average cost of $6.5. I have 105 shares and its up to ~$70 today. I'm not a big investor and don't have a ton of experience, or money (poor background), so I'm just trying to understand when it the best time. It is most of my portfolio other than retirement.
Posted by NewPaleontologist727
48 Comments
Dude, Neutron hasn’t even launched yet. Relax, and forget about it for a few years. Unless you really need the money now for bills or something, let it ride.
Nobody on reddit will tell you to sell until they already sold and is too late.
When I checked my Crystal globe- i found out that stock can go up or down.
My advice is to take profit when you feel is the right time!
Rocket Lab is far from being a profitable business in long term!
imo sell like 10% now. Most people get too greedy and end up losing it all especially on highly speculative stocks. Is it a long term investment for you? A swing trade? What was the initial goal? Maybe do covered calls until you sell them.
The only reason I’d sell is if there is a repeated failure of a launch or deployment. Rocket lab knows a failure is not acceptable so they don’t take unnecessary risks. They will delay a launch/deployment if they aren’t sure about something. To me, thats an excellent idea and thats why I invested.
I have 500 shares of NVDA most of them bought around $113 a share. I’ve had a sell order for 75 of them for $195 in place for several weeks. It executed yesterday afternoon.
Do I want to thin my NVDA, nope but I do want to take advantage of spikes. I had another sell order for 75 shares in place at @$198, I raised it to $200 this morning.
The point being, if you have a huge profit, take some of it. You don’t have to sell it all. And you can buy back what you sold if the price drops.
Selling is one of the hardest parts of investing. First of all, never criticize yourself for taking a profit. That is what we are here for. So, what it the price goes up past your sell price. It could have gone down, and it may well in the next couple of weeks. You made a profit, celebrate it.
But don’ sell all of a stock that may well double, triple, quadruple in the next years. Keep some. My usual strategy when something I buy starts flying high is to sell enough to cover my investment and let the rest ride.
Good luck to you, you have found the hardest part of investing, selling.
yeah take some profits at the top
Sell half and let the lest ride
It’s priced for perfection for a decade and is behaving like a typical meme stock. I got quite a lot of money out of it by swing trading, but long term there ist not enough value/Profit for this share price
Best time to sell, when you ask question
I’ve been poor too. The most important in the beginning is to save more. Do you have a job? Automatically send $50 from every paycheck to your investment account. Now sell 5 shares of Rocket Lab
Completely depends on your needs and conviction.
If you need any of that money, sell for what you need.
If you don’t need it, follow your convictions.
Do you believe in this company long term? Hang onto it.
Do you feel it’s overvalued and you have better or options elsewhere (better could mean several things… more upside, less risk, etc)? Sell.
Are you in the middle? Sell a portion.
You can sell 10-20% and be on a free play or doubled up and still holding alot
Mark my words. Neutron will fail and the stock will plummet 40-50% and you will wish you have sold it.
Nobody can answer this without knowing your plans.
If you were in it for a quick buck. Sell now
If you were in it for a long term investment but don’t actually buy the long term story. Sell now
If you bought in thinking this was a 10 year hold or longer. Hold.
Considering this is most of your portfolio, I’d consider selling to buy less volatile ETF’s but I also hold a good amount of RKLB with a $4 average and am holding because I didn’t plan to sell this for years anyway so you have to make your own choice. P
Personally I don’t like one holding becoming more than a third of my portfolio. I’ve had to sell a few shares of RKLB on the way up to stick to that rule.
Stock is going up like they profitbale lmao its all bubble will probbaly drop significiantly end of year
Only u can answer that with your needs as it is hard to time the market. I have NVDA call options expiring on NOV and decided to sell yesterday at $194. I know NVDA will still go up in a month but I wanted to get my earnings.
Bought at 4, sold at 25. Congrats for holding, but imo now it’s very expensive.
Anyway, difficult to tell you what to do if we don’t know the percentage of your portfolio. It’s not only about expected values, but also about risk management.
average your way out is the best advice I’ve heard, even though you want it to go higher, maybe you sell 15 or 20 and find something else to diversify your pf
I’m in RKLB, currently 13x on it. If you are new to investing still I would say take your principal out and ride through the rest. The reassurance of taking back your initial investment means a lot. RKLB is a solid company which has ran up tremendously, for which they do have success to show. If you believe in the company for its long term growth then you should stay.
Just take your initial investment and maybe double that. Keep the rest in it and put watch alerts on it.
Thats it!
Usually it’s when you make a post like this, there are others thinking the same thing too. A stock’s price doesn’t have to be connected to fundamentals, and this stock definitely isn’t.
There’s a lot of money on the table for a lot of people right now, and if they decide to start taking it it might go very fast.
Ive sold too early about 200 times and sold too late about 3 times.
You have to sell at least some. It could keep going up but not forever. It’s a risky stocks. It’s had a great run but at what price would you be willing to sell? It’s ridiculously overvalued on all metrics. Take some profits and even if it keeps going higher then good but if it starts going down it could go down quickly. That’s the way it works. It’s a very speculative stock that’s been good for you but be careful
Here’s my take. Sell half. The rest can crash and burn or up to the moon. But you got more than you put in.
With 100 shares, you can sell 1 covered call contract to let it make money for you. October 31 expiration at 65 strike gets you $950. You’re essentially setting a $75 limit sell. You can set a higher strike price for lower premiums and keep repeating until you get assigned.
At least sell enough to make your initial investment back.
Over 10K shares here, average of $8ish. Not selling anything until well into 2027. Way too many things on the horizon, regardless of Neutron.
You can sell your initial investment and some profit and let the rest run.
I would sell 50% to solidify some gains unless you know a good reason why this is still undervalued even at $70.
Re-invest the gains into something long term.
“Selling your winners and holding your losers is like cutting the flowers and watering the weeds” – Peter Lynch
The question is what are you going to buy with your gain? Buy some other stock? Is there a better stock? Or cash out to your bank?
GLD for savings. Don’t get lost in the sauce.
I’ve been in RKLB since the initial SPAC and have never sold. That being said, there’s zero harm in selling off enough to get your initial investment amount back. Whatever is in RKLB afterwards is essentially house money. That way, you can take some profit, minimize risk, and still maintain exposure to the massive upside the company possesses.
Position: 2,420 RKLB shares
I’m going back and forth on Iren right now. I bought super low. I’m tempted to sell but with my luck, it’ll go up another 500% after I do I’m gun shy after I took advice and sold AMD after buying for $9 a share a while back and sold at $106 🤦🏿♂️
Ride or die baby
To the actual moon (or close enough)
Rocket emojis etc
Sell all and buy back in when it drops back to the $30’s
Bought for the last 3 years. Sold 400 shares at 25 and holding the rest (1150ish) at an average of 4.85.
the best time is when you no longer see the company profitable.
a good question BEFORE you buy any stock is to ask yourself: what’s my plan with these shares? what am I trying to accomplish?
It’s good to know that when youre buying so you have a plan when they drop or rise.
Never a bad time to sell after 10x. Hell, 2x sometimes
Yesterday
I remember listening to a podcast on the way to work when it was seven dollars. They were talking about it and I thought it was a really interesting business. Didn’t buy it. A week or two later it jumped to , 20, 30 then 40 and so on. Big fumble lol bout in recently as I do think it’ll continue for years to come. We gotta remind myself, the best time to buy was in the past. The next best time is now.
I am kind of new also, and what I do in those cases (made a lot of money with a stock) is that I sell only part of it. Enough to feel I’ve “secured” the money, but I leave enough online to be happy if it keeps growing.
For Rocket lab, as I believe in the stock, I’ve been regularly selling 10% of it (and bought a boring dividend safe stock with it) then looking at the rest grow, then sell 10% again, etc.
Take profit on some of it, keep the rest long term.
When you take a screenshot and send it to your homies
Nobody can tell you when to sell. But but but – the best I can do is tell you when NOT to sell.
Do NOT sell on days when the stock is down because the whole market is down. It’s un-related. Stock is going to come back up. Unless there is a systemic failure by the company itself do not sell.
Yesterday lmao
If you need the money now, sell. If not, I’d let it ride. Money is moving in now because people expect it to make more.