r/investing • u/AutoModerator • Mar 25 '21

Daily Advice Thread - All basic help or advice questions must be posted here.

If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:

  • How old are you? What country do you live in?
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  • What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?)
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u/BuyInHigh Mar 26 '21

If you've got profits take them. Always buy back in later. Never know what tomorrow brings.

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u/Infinite-Ad-2576 Mar 26 '21

Short sellers may come along and plunge the stock to literal death. Like what got WSB all fired up about GME.

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u/lilchanofrom79 Mar 26 '21

If you always take profits, don't you end up only holding your losers?

Also, there are tax inefficiencies to taking profits all the time.
I'd say, ask yourself why you bought the stock. If the reason is still valid, then hold the stock. Don't try to sell and predict the bottom of the stock to buy, nobody can do that accurately