According to "Fast Money" trader Brian Kelly, "There's an old Wall Street adage that nobody ever went broke taking a profit."
As the S&P 500 hovers just a shade away from all-time highs, Kelly and the rest of the "Fast Money" crew say that that now is the perfect time to take profits in select names.
On CNBC's "Fast Money" on Thursday, Kelly said to sell home improvement retailer Home Depot, which has climbed more than 100 percent in the past three years. "Home Depot has been on a tear," he said, "I don't think it continues, and I think at the very least, sell half of it." Kelly said that if cracks in the market start to appear, he would even consider shorting the name.