So I took out a pretty size-able position on a few stocks on margin recently. I have 2 small losers, one small winner and one huge winner. I’m up well over 100% and I could easily sell to cover my margin and hold the stocks outright. However I really have a strong belief that this stock will continue to grow. At what point do I take gains off the table.
ALSO: These would all be short term capital gains, and I’m concerned about taxes after being beaten over the head by the IRS the last couple years. I don’t pay any taxes on gains until they cover margin right? Common sense maybe but this is my first time using this much margin.
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