June 2006
Beginner
352 pages
7h 6m
English
When a profit target is reached, it is often a good time to sell. This must be balanced against the adage, “Let your profits ride,” which suggests that you only sell stocks when they start to go down. A better strategy would be to reevaluate the entire situation to see if technical indicators continue to point to higher prices. If they do, set a new target, as well as criteria for what has to happen to prove you wrong. It is also no sin to take a partial profit and, if the technicals agree, let the rest ride.
Read now
Unlock full access