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/biz/ - Business & Finance


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52683754 No.52683754 [Reply] [Original]

So I’m new to stocks and I bought a good stock large market cap high dividend yield and this is basically one I’m gonna HODL and buy more of like crazy. Been piling portions of paycheck in it. Recently been jumping in price by 20%. I’d like to buy more, but couldn’t resist just selling a smidgin to lock in a profit and wait it out if price drops again. I don’t think it’s gonna drop anytime soon for me to slurp again.
Have any of you been in such a situation? Enjoying just slurping a really decent stock once in awhile no major price fluctiations then get in that situation where you just HAVE to sell a bit and take profit? What if it rises about 20-30% more? Then I get another stage where I need to sell more and profit? If I sell it all I’m gonna miss the dividend! I’m I getting emotional about this in ways I shouldn’t?

>> No.52684541

>>52683754
What stock is it, and how much money do you have in it? It is important to stay diversified, it might be a good thing that you sold if you are all in on one stock, even if your performance up to this point has been good.

>> No.52685016

>>52683754
>Have any of you been in such a situation?
All the time.
>I’m I getting emotional about this in ways I shouldn’t?
If it's worthwhile, it's worthwhile. That's it. I own almost none of my favorite publicly traded corporation because it is too expensive.

>> No.52686556

>>52684541
It’s BHP. And like 20 grand.

>> No.52686585

>>52685016
I’m just scared the price will soar so high that it will get tough to acquire shares hahaha i might start trading options on it