6
Have a Selling Strategy
After you’ve placed your first order, it is now time to think about selling. It’s easy to sell a stock (I’ll show you how later). The hard part is selling at the right price. No matter when you sell, you always feel that you could have done better. If you sell a stock too soon, you might kick yourself for losing out on potential profits. And if you sell a stock too late, you might turn a winning position into a losing position (that is painful to your ego and your account). Your goal is to find a good price for you.
It’s not easy to manage a stock position, but it’s extremely important to learn how. Too many investors think of the stocks they want to buy without thinking of when to sell. Knowing when to sell is just ...
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