As the market hit abother all time high today, I took the opportunity to sell a few stocks I have made money on. I sold Target after owning it for only a little over 2 months. I owned about $3000 in shares. I made over $400 on it. I would buy Target again but I think that it has rode the wave of a high market. I also sold Coach. I've owned that for over a year and a half. I owned about $3000 of that stock. I totally bought it on a whim but its done very well. I sold for a profit of slightly over $500. J also sold New York Mortgage Trust. It is a high dividend stock. I only had a little over $400 but I made almost $100 on it. Mortgage rates are increasing and I thought it would be a good time to unload it.
I captured about $1000 in gains today and I have $6700 sitting in my investment account waiting for the next opportunity.
Anybody else selling when the market is high?