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Question for traders
Posted on 3/22/23 at 7:56 am
Posted on 3/22/23 at 7:56 am
normally I'm a buy and hold type when it comes to individual stocks. However, I bought 5k worth of a stock on Monday and it goes up over 9% on Tues. that's good, but good enough to turn around and sell it all? 9 percent's nothing to sneeze at. Looks like it may be trending up today as well.
2
Posted on 3/22/23 at 8:22 am to Jmcc64
quote:Determine your goal before you buy. My goals are often associated with timeframes.
normally I'm a buy and hold type when it comes to individual stocks. However, I bought 5k worth of a stock on Monday and it goes up over 9% on Tues. that's good, but good enough to turn around and sell it all? 9 percent's nothing to sneeze at. Looks like it may be trending up today as well.
If I can make 10-15% in a day on options, I'm out.
If I make 20-30% on a huge stock rebound in less than a month's time, I'm out.
It's useful to have a trading account separate from a buy and hold (retirement) account for this reason.
No one ever lost money taking profit, opportunity perhaps, but not money.
Posted on 3/22/23 at 8:26 am to Jmcc64
I think you should know why you bought it. Then you should know if 9% is good or not.
If you’re just buying on a whim then it’s hard to know is 9% good or the tip of the iceberg.
Most of the time when I’ve been up big and sold, I haven’t regretted it. When I’ve been up big and held, then all my gain is wiped out I do regret it.
If you’re just buying on a whim then it’s hard to know is 9% good or the tip of the iceberg.
Most of the time when I’ve been up big and sold, I haven’t regretted it. When I’ve been up big and held, then all my gain is wiped out I do regret it.
Posted on 3/22/23 at 8:33 am to Weagle25
thing is, it's also paying nearly 7% dividend but the price got beaten down for no reason the last few weeks.
Posted on 3/22/23 at 1:19 pm to bayoubengals88
quote:
Determine your goal before you buy.
Posted on 3/22/23 at 3:53 pm to Jag_Warrior
Any money made on the market is a miracle. Vanguard avgs 7.28% yearly return over their life of the fund. 9% is outstanding.
Just remember, if you do sell, and it goes up more, don't kick yourself. Make money everyday if you can. Take that 9% and look for your next opportunity.
Just remember, if you do sell, and it goes up more, don't kick yourself. Make money everyday if you can. Take that 9% and look for your next opportunity.
This post was edited on 3/22/23 at 3:55 pm
Posted on 3/22/23 at 4:43 pm to Gideon Swashbuckler
Exactly. I’ve (unintentionally) annoyed people here for several years when I always ask them if it’s a trade or an investment when these types of questions come up. If you don’t know before entering the position… it’s like the old saying, if you don’t know where you’re going, any road will get you there.
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