Hello, I am new to trading. I have done a few tradings (around € 150 each stocks) and I have some profit. But how can I take the profit without closing the investment. So I have say: € 150 USA30. The profit is now € 48,69.
How do I take the € 48,69 and leave the € 150 to make more profit?
Sorry for my bad english. I’m Dutch
You’d have to sell some of the position to get the profit.
Hey there and welcome to the world of red and green numbers. lol
To help you out: Example. You buy 100 shares in ABC company for £10 a share. Those 100 shares then go up by £1.00 each and are now worth £11 each.
So you are now up by £100, total value of investment being £1100.
To withdraw your profit but keep your original investment value you sell 9 shares. As 9x11 is £99 As near as you can get to £100 selling whole shares
Leaving you with your original £1000 investment in ABC company.
Keep in mind that share prices fluctuate through the day, you may have to pay taxes or charges and always do your own research.
None of the above is trading advice.
Just wanted to point out in your example to work out the profit and how much to sell is quite straightforward but this could be a lot more complicated.
Eg: I buy shares in company X over many years each time for different price now I want to sell only some to make exactly Y profit - how many (or what amount) do I sell?
So you have to work out an average buying price then it depends what country you are in with which tax rules are used to decide which ones are sold and what the profit would be.
What would be amazing is when you go to sell shares Trading 212 can give the option to sell a “profit amount” then it works out how many you need to sell for you!