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? |