Old fat cat. But as it says in the subject line right at the top, nobody every went broke taking profits. Nobody ever went broke making a profit. "Nobody ever went broke taking a profit." Why are people selling now must be mad 4 Feb '21. In conclusion, H. L. Mencken should receive credit for the statement he wrote in 1926. "Nobody ever went broke taking a profit" - Bernard Baruch. ... One of the secrets of a long and fruitful life is to forgive everybody everything everynight before you go to bed. If buying low and selling high is the oldest market adage, nobody ever went broke taking a profit might be next. But to exit entirely because of some old market saying? These boobs dilute at the drop of a hat, when it's NOT necessary at this time, and have it effectively capped short term at 16.5 cents. Bernard Baruch. Well, nobody ever became rich doing that either, except perhaps your broker, who gets a commission on every sale. If you were fortunate enough to get into GameStop at $20—but watched it hit $400 AND come back down—you left a lot of money on the table. 100% Upvoted. “Nobody ever went broke taking profits,” he says, and building an account through regular base hits rather than the occasional home run is something that all consistently successful traders have learned to do. 1. In addition, the phrasing was often altered. 2. Nobody ever went broke taking a profit. Barnum said nobody ever went broke underestimating the intelligence of the American people. Nevertheless, sometimes it’s important to know when to let go. There is no thinking involved, no emotions, no falling in love with a particular company. Will Rodgers OLED is still in my portfolio, but not the BIG DOG it once was. best. This is sometimes tough for investors — especially for those whose overriding goal is income over principal. was looking for 5-10%scalp after not getting filled at original buy point. Posted by 1 minute ago. It occurred to me that as one weekly portfolio adheres to the principle "You'll never go broke taking a profit" and the other weekly portfolio is testing the "Let your profits run" principle, it seems likely that one will perform better in certain market conditions than the other, and as the market is constantly changing it's possible that a hybrid of the two might perform best overall. 1 comment. "Nobody ever went broke taking a profit," as the old line goes. Price: 85.50. There’s an old investment maxim that says ‘nobody ever went broke taking a profit’. And with all the billions being spent nobody is strapping sensor packs on taxis or UPS vans to capture more data. Welcome to everyone joining. An old Wall Street saw has it that nobody ever went broke taking a profit. Selling quality stocks just because they are showing a profit is a sure-fire route to mediocre results. Nobody ever lost money taking a profit. Often, he loosely quotes investor and presidential advisor Bernard Baruch: “Nobody ever went broke taking a profit.” As a strategy to lighten up while taking profits, that's sweet. NorthernBoy. There's a simple rule I was taught repeatedly, but didn't take that seriously until my college Finance prof said it before every class (mid-1970s, when profits were scarce)--"Nobody ever went broke taking a profit in the stock market. Reply Like (6) cramerkim. Life Forgiveness Long. Smart traders know that stocks can and will move against you in an options trade…and how you manage that move is the difference between taking profit instead of a loss. If all you have is a hammer, everything looks like a nail. share. Nobody ever went broke taking a profit. Attached Image (click to enlarge) Nobody ever went broke closing a trade in profit Money Lost Nobody. No One Ever Went Broke Taking Profit. "Nobody ever went broke taking a profit." Close. As the saying goes, no risk, no reward. Bernard Baruch famously said “Nobody ever lost money taking a profit.” With that in mind we take a look at ZIL and update the market outlook. Stay Informed! Don't give the tax man one extra dollar, he'll only spend it on more bureaucrats! You may be surprised by the answer. Taking a profit is a great way to close out a trade in the green. "Even if you pay 30 cents tax out of your profits, you still have the other 70 cents to spend (VM)." P.T. What's that old saying? Public Reply | Private Reply | Keep | Last Read: Post New Msg: Next 10 | Previous | Next: georgie18 Followed By 1,921 Posts 83,363 Boards Moderated 2 Alias Born 12/17/11 160x600 placeholder. Vote. always have a rough plan and idea of what you want out of a trade including entry and exit points. If they are sells and not buys. Zell strives to take “smart” risks, which means having a deep respect and awareness for how investments can go wrong. With that being said its entirely possible and probably likely that there's still more upside left, and perhaps some significant upside. Good for you ! Sell at 200% and buy back in. #-ad_banner-#But it’s during times like these when it becomes important to not forget the old adage that nobody ever went broke taking a profit. I first established a position in ACU.V at 15 cents and then averaged it … For years it was only a dream for me to make enough money to owe taxes. Posts: 2,172. Posted by 15 hours ago. Sold to early but nobody ever went broke taking profits. Don't cheat either. You won't go broke so long as your profits are always bigger than your losses. Posts: 30. First, truly great companies are hard to find. Yet it's a lesson so many investors fail to get. No Opinion. Second, the stock price has risen dramatically. But is this always true? Well, some will do it anyway, and for that very reason. Sort by. hide. But it's during times like these when it becomes important to not forget the old adage that nobody ever went broke taking a profit. An old Wall Street saw has it that nobody ever went broke taking a profit. Nobody ever went broke making a profit. Strong Buy. The mistake i’ve seen gold investors make time and time again is that they get these tremendous moves and they’re afraid to take any money off the table. Nobody ever went broke by taking profit but. Victor Mills, my grandfather. You should have set a point to take out some profit. His remark was repeated and simplified over time. ... Nobody ever went broke from taking a profit! X. “Nobody ever went broke taking profits.” “Risk: is not knowing what you are doing.” “The greatest wealth is loving & having that love returned.” hide. Nobody ever went broke taking profits. I think the old market adage, "Nobody ever went broke taking profits" is a market truism that helps remind investors of the number one reason for being in the market: to MAKE MONEY. Nobody ever went broke from taking a profit. And if you’re a options trader you’ve probably heard this saying: “Nobody ever went broke taking profits.” Here is my latest Trade Scan video where […] Not only that, they'll probably pull the RS before it gets a chance to run beyond that number. 0 comments. Log in or sign up to leave a comment Log In Sign Up. Lesson #1: Nobody ever went broke taking a profit. I made my money by selling too soon. And if you’re a options trader you’ve probably heard this saying: “Nobody ever went broke taking profits.” Here is my latest Trade Scan video where I show you how “credit spreads” are very forgiving trades and why even “taking a small profit is a good thing”. Here’s two reasons why being quick to sell and take a profit may not be such a good idea. Bernard Baruch. Remember to always take profits. Nobody ever went broke taking a profit. 3. Nobody ever went broke taking A profit! I proved to myself that I couldn't buy calls profitably a number of years ago, so every time I thought about doing anything with options I remembered that lesson ;). After all, it’s commonly said that nobody ever went broke taking a profit. That said, another saying comes to mind right now, and that saying goes something like this: “Nobody ever went broke taking a profit.” Ignore at your own peril. report. For a list of the services offered by Mr. Marc Cuniberti, call 530-559-1214. There is no substantive support for the attribution to P. T. Barnum. Giovs. Whether it is seed money for a new business, paying for college, or purchasing a home, this decision depends on an individual's financial situation rather than the fundamentals of the stock.

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