Ms Retrofit, you might want to do the math on a spreadsheet.

But yeah, taking a profit means selling (at least some of) what you're holding after it
has increased in value. 'Cuz if it goes the other way, if you've already sold it, you
won't give that money back.

Ha, yeah if you bought 100 shares for $50 a shares, and the stock goes up to $90 I will
buy them from you for $900 and take your profit, no problemo.

Last edited on: 07-18-2007 07:15 pm

Don't short-change yourself. You made $4000, not $400.

Yeah, taking profits means selling some of the stock to lock in the profit after a run.

Can somebody explain to me what taking profits mean. Example if you bought 100 shares at
$50.00=$500.00 and the stock goes up to $90.00 which equals 900.00 that would mean a
$400.00 profit.
So would sell enough stock that make up $400.00 or how do you do this taking profits. Can
anybody help with this issue. I am a first time investor so a simple answer would be
appreciated. LOL Thanks in advance.