Post by
dcjones4396 on Dec 18, 2020 5:30pm
Taking Profits Is A Good Thing
Today is yet another reminder why taking profits in Taseko works. Since March, I switched from being buy, buy, buy and hold, hold, hold to keeping a 75% hold and 25% swing. I have been fortunate enough to do so since picking up a huge block of shares from March - May or so. My main point is that swinging with a quarter or so of your shares has proven to be a great money maker with the way this company trades. The fish has done quite well going in and out since posting here recently. Good for him. Trading in the middle (keeping a 75% core) isn't such a bad thing is it? It's been a great success over the past several months. Can you miss a huge run up from unexpected positive news? It's certainly possible, but you still have 75% of your shares while booking great profits. Food for thought for those of you that have a large number of shares. Fish and Fluff have done well doing so, as have I and others. I still firmly believe this is a $3+ US stock but you can't deny the large percentage wise swings in price this stock goes through. Enough that it changed my trading habits. Can't stand paying the huge taxes associated with "short term" trading but it still ends up being a 70% profit after the feds get their cut. The big question is, how will this stock trade next week? It's nice to have lots of cash on hand to jump back in with that 25% just booked. What do you think fish? What's the next in point?
Comment by
nofluff on Dec 18, 2020 5:53pm
I think dc figured where I got the scratch to buy all the 1.63ers:)) Fell off the swing wagon. Never getting back on with tko. nf
Comment by
nofluff on Dec 18, 2020 5:54pm
Of course, miner says me wrong. I do not say he is. Time is the teller. nf