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Definition of 'Profit Taking'
The action of selling stock to cash in on a sharp rise. This action pushes prices down temporarily. When traders are profit taking, the implication is that there is an upward trend in the security.
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Investopedia explains 'Profit Taking'
For example, in the media you might hear something like this: "Markets were down today as traders took some profits off the table." It's common for prices to retract to some extent even in bull markets.
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Donchian channels, Keltner channels and STARC bands are not as well known as Bollinger bands, but they offer comparable opportunities.
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Find out the difference between a company capable of surviving a share-price beating and one that cannot.
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Understanding this key concept can drastically improve your short-term investing strategy.
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