I have always been a buy and hold type of investor. Now I find myself with 6 different MJ stocks that are up about 20% each.
You often hear on the radio about people taking profits (as a reason for why the market moved one way or another).
For example, I put $5,000 into APH. It is now sitting at $6300. If I want to take out my ‘profit’, I would sell about 80 shares, and put $1300 in my pocket that I could use to buy something else or wait for a dip and buy more APH. Does that sound correct? Or do you sell it all and rebuy (take initial and profit all out)? If you do it the first way, if the stock keeps going up, I could only end up holding 10 shares.
I just read this article, but it seemed really but simple(I like this).
https://www.investors.com/ibd-universit ... g-profits/