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Imagine this scenario with me
A year ago, I invested $10,000 in a stock $SNDK at $47.
That means I bought approximately 213 shares.
Today, the stock is at $2,180.
If you hadn't sold any shares, the value would have been about $464,000.
But the smart move is not always to hold all the shares until the end.
For example..
If you sold 50 shares at $167
You would have received $8,350 in cash.
And if you sold 50 shares at $285
You would have received an additional $14,250.
And if you sold 40 shares at $500
You would have received an additional $20,000.
In this way, you would have withdrawn about $42,600 in cash from the stock.
That means you would have recovered your entire capital, taken huge profits, and still have about 73 shares.
And the value of these shares today at $2,180 is approximately $159,000.
This is the meaning of taking profits wisely
Don't kill the winning trade completely…
But also don't leave all the profit on the table at the mercy of the market.
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