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Kodibochu
Kurra Bewarse
Username: Kodibochu

Post Number: 3049
Registered: 04-2019

Rating: N/A
Votes: 0

Posted on Saturday, September 05, 2020 - 8:23 am:   

I am trying to understand the rationale of the people who sell stocks to book profits-
Day Trading: I totally understand this scenario because they sell the stocks by end the day or 2 days to get profit.

My question is for the sellers of the below scenario
Book the profit now and buy later when the stock price comes down: If you sell an AAPL stock now, you have to pay tax 20% to 40% depends up on the period of holding(both Federal and state). Unless the price of the stock falls below this percentage, whats the point of selling the stock? Am I missing anything here?

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