Home › Forums › Ask Sean › Higher percentage profits vs sideline cash

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Viewing 4 posts - 1 through 4 (of 4 total)
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  • Russell Barrett
    Participant
    December 18, 2019 at 12:19 PM
    Post count: 54
    #4367

    Hi Sean. Love the new site by the way! So I have a stock that’s up 25% and climbing. However I’m woefully low on sideline cash for more trades. Knowing that the stock could go sideways or even drop back down for a while, I’m considering selling to build up my cash in my account. What is your take on this type of scenario?

    Sean Hyman
    Moderator
    December 18, 2019 at 12:25 PM
    Post count: 6733
    #4379

    If you’ll mention your stocks in the Members Forum, you can talk about them by name or ticker symbol freely.

    Yes, it’ fine for you to take profits and build up cash.

    Russell Barrett
    Participant
    December 18, 2019 at 12:35 PM
    Post count: 54
    #4411

    Thanks! I would have used the Members forum but I thought by not mentioning the stock, it would be a good question for “Ask Sean” that would pertain to anyone in a similar situation with any stock.

    Sean Hyman
    Moderator
    December 18, 2019 at 1:43 PM
    Post count: 6733
    #4452

    Nothing wrong with that. That’s fine too.

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