Should I hold an ultrashort. I am making $9 profit now?

Question

Should I hold an ultrashort. I am making $9 profit now?

Answer 1

$9 per share?!?  Don't be greedy - SELL.

1) Never turn a trade into an investment

2) Bulls & Bears make money, pigs get slaughtered!

Answer 2

$9 "profit" on what investment?

Answer 3

That depends - you should consider profit on a percentage basis. If you're making $9/share on a $35 share, you're doing well, take the cash and put it into something more like an investment. Consider the number of dividend-yielding stocks with low P/E ratios, and how much you can make in the long-run on these.

If you're making $9/share on a $350 share, it's scarcely worth the cost of the trade.

Early bear markets afford the best opportunities for short profits, but you should be thinking about the next bull market now, and start opening long positions.