If you bought a stock 2 days ago and made already made a 5% gain would you sell?

Question

it for a quick profit or hang on?

fees are 12.95 to buy and 12.95 to sell

I have a $1000 profit in 2 days.

I usually am long term but this is a little speculative play....BUt, if I sell, I take the chance it could go up 10% or more too next week or whatever.

Answer 1

commission fee and capital gains tax would eat it up, unless your 5% was of a significant amount of stock.

Answer 2

What's the trend? If it is still looking up, hold on for a bit. If progress is stalling and volume increasing, that often means that people are starting to sell, so take your profit with them. Remember, though, prices fluctuate normally--so the real issue is why did you buy the stock and has it accomplished what you expected (hoped)? For instance, Smart Modular (SMOD) has had a nice run up in recent days because of some more good earnings news. Is that all that is going to happen? Is that all I bought it for? If I expect better things, hold on for better prices when those things are realized. If it is going to be business as usual from now on, then get the run up and enjoy spotting something good.

Now, why did you buy that stock?

Answer 3

depends if you are a trader or more of a long term person. I trade stocks so I would be out of it. where else can you make $1000 in a few days by just typing on the computer? if you don't want to sell it now......if it starts to go down, maybe set a limit as how far you will let if fall before you pull the trigger. make sure you at least make $100 profit on it.....if all of your profit evaporates away, you will feel like a fool.......so by doing it this way you will at least make $100.00 never let such a nice profit slip away.

Answer 4

Depends what you investment is
If your in the profit get out now and re buy when it gose low again.
If your up 5% chances are the stock will dip again in the next few day.
Only stay if your a long term investor if not keep your money moving.

Answer 5

That's an open ended question...what is the smart money doing? What do the financials say? How much is your NET profit after taxes and fees? Anyone that sold Google stock for a quick 5% is slapping themselves now.

Answer 6

A 5% gain is small no matter what.
Take a look at PBLS.PK it swings 5% every trade.
They will file early in 2007 and have much more than most AMEX stocks and no debt.
Research a minimum of 8 hours on PBLS
I am looking to make 100's of percent gains starting next week.

Answer 7

$1000 is a nice little profit for a couple of clicks and a couple of days. PROFIT is PROFIT

Yes, it could go up but you could also lose $1000.00 next week. Now, if you bought it for long term, just hang on for a ride....

Answer 8

why dont you sell half your shares and that way you would have a profit of $500- $25 commission fees and you can see where the rest goes and if it starts going down you can get out

Answer 9

I guess it would depend on the brokers fee.
I am very conservative so If I make a dollar I am happy. Of course it also depends on the amount you are talking about. If you gained something like ten thousand then yes I would because who knows what tomorrow will bring

Answer 10

i do not recognize a thanks to operate to my question. "information" are lengthy gone on my web page, yet. thanks Cybe, solid stuff. I knew something caused that run yet couldn't locate it. i visit seem into your ideas. I actually have some funds to spend yet hectic about next week, I experience a large pull decrease back. The very last time I sensed it, I talked myself out of it and that i'm nonetheless eating it. i'm ask your self what your resources are. also, the way you artwork the actual cost of a employer. to attraction to close what's the right cost in protecting with share minus the emotional/marketplace sentiment ingredient. i go via the calculations and so a procedures not coming up with what the cost should be, if thats even conceivable. thanks