Just wondering what are other people’s criteria for when to take profits after a stock has maybe gone up? Indeed if a stock is going up a lot then holding may or may not be a good idea, however sometimes you might want to use the profits for something, so yh. Personally if stock has gone up and it’s reached my threshold then I may even sell the whole stock but for a winner a hybrid approach of taking profits and keeping a core amount could be better, what do you think?
Posted by silverscientist1
10 Comments
With today looking to be a down day, I wouldn’t be selling today.
When my covered calls get assigned
When it seems unreal.
When I would no longer buy at the current valuation
you guys have profits?
When you are taking a screenshot to show it to your wife. Thats the signal.
what was your exit strategy when you bought it? Is the underlying thesis of the stock the same, or has it changed? Is the position oversized compared to risk tolerance?
Long term holder here. Don’t really sell often.
When I screenshot
Ok real answer is:
Portfolio proportionality.
Sell as needed to adjust risk proportionality for your portfolio.