Profit Taking

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If I have a growth stock that goes up 20% is it better to take the 20% earned out and let the rest ride or take the whole amount out including the profit of 20% and find another stock ? Would I do this on dividend stocks ?

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Asked on November 23, 2021 12:21 pm
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Hey there! Not sure if you've read our recent piece on profit taking/exit strategies

https://www.stocktrades.ca/premium/big-gdnp-news-and-exit-strategies/

Have a read of this and then drop a comment if you have any additional thoughts on it, happy to answer them!

As per my dividend growth/income options, I very rarely take profits in these, unless they've become an extremely large portion of my portfolio.

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Posted by Dan Kent
Answered on November 24, 2021 3:46 pm
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