STOCK MARKET DISCUSSION V150
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 Mar 8 2021, 08:46 PM
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#1
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Senior Member
3,197 posts Joined: Mar 2007 From: Kuala Lumpur, Malaysia  
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Hi, would just like to gather some views from fellow investors here. For those who hold bluechip stocks, how do you decide when to take profit from your capital gains? I'm currently sitting on stocks with ~50% profit thanks to averaging down over the last year or so. Dividends are good, but I'm starting to think that if I don't sell, all those capital gains will stay on paper.
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Mar 8 2021, 08:58 PM
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#2
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Senior Member
3,197 posts Joined: Mar 2007 From: Kuala Lumpur, Malaysia
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QUOTE(statikinetic @ Mar 8 2021, 08:51 PM) When the company story changes. When you need the money. When there are better alternatives available. Alternative for me would be ASB.It's bluechip for a reason. Sure, you can bank the gains now but what are you going to do with that money? If you don't have better alternatives without increasing your exposure, that's reason enough to let it run.  QUOTE(Syie9^_^ @ Mar 8 2021, 08:55 PM) Hardest to do. When it goes up, never be greedy. Drop the weight, and take profit. Hmm, this is one of my main concerns. I have no immediate need for the funds, but if it goes back down before I need to cash out it'll be damn sad la haha.I learn my lesson for last year. On paper gain, I locked in 300 %, today I looked at it again, it is -30%. The big swing, from good reward to a loss. All thanks to higher high and ambition until you become BEEEP! and look down. All is the floor. for you to fall. 50%, 55% 60% up and up. it goes. |
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