Business, Legal & Accounting Glossary
The act of an investor who closes out a position and takes profits when a particular security moves up to a stated level yet does not break through that level. Essentially, the investor is extracting the profit that a trade has been able to make up to that time, believing that the security will not likely move up further.
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This glossary post was last updated: 20th November, 2021 | 0 Views.