Selling stock that has appreciated in value since purchase, in order to realize the profit. The term is often used to explain a downturn in the market following a period of rising prices. (See: Paper profit)
Selling securities after they have risen in value to realise a gain.
Selling securities after a recent, often rapid price increase. This is often the action of short-term traders cashing in on gains from the rise. Profit-taking pushes down prices, but only temporarily; the term implies an upward market trend.
The selling of one currency for another to cash in on gains earned on a sharp market rise.
Selling an investment to take a profit. The process of converting paper profits into cash.