Feb 7 2015, 09:53 PM
QUOTE(matbond. @ Feb 7 2015, 07:39 PM)
i want to ask. how to take profit?
let say i buy 1000 units of RM1 share.
next month the price become RM2.
so supposedly i profit RM1000 right? how do i take the profit?
sell 500 shares ?? (500shares x RM2 = RM1000)
or sell all the 1000 shares? (1000shares x RM2 = RM2000)
(assume no broker fees.)
which one is the better way to take profit? sell 500 shares and just let the remaining sit there or sell all the 1000 shares and then reenter again? which one usually people do?
sorry im still new and very weak at managing my finance.
If U think RM2 is the highest it will go, then sell all 1000 units.let say i buy 1000 units of RM1 share.
next month the price become RM2.
so supposedly i profit RM1000 right? how do i take the profit?
sell 500 shares ?? (500shares x RM2 = RM1000)
or sell all the 1000 shares? (1000shares x RM2 = RM2000)
(assume no broker fees.)
which one is the better way to take profit? sell 500 shares and just let the remaining sit there or sell all the 1000 shares and then reenter again? which one usually people do?
sorry im still new and very weak at managing my finance.
If U think it can still go higher but U want to play safe, u sell 500 units to get all your capital back.
If U think it can go higher and U can take the risk that it might drop drastically to below RM1, then U don't sell.
There are endless possibilities how U want to play this...sell 100 units only, sell 200 units only, sell 100 now and sell 100 when if goes up to RM2.10, sell 100 unit and sell another 100 when it dropped below RM2,etc ,etc, etc
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