When to Sell Stocks; know when to GET OUT of your position (Business Tips)
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\\nIn this episode, we discussed when is the best time to sell stocks or exit a position. \\u201cI am not a registered investment advisor or securities broker dealer. These are my thoughts and are not advice. Seek your own education or you will lose money.\\u201d #4 Seven Cures to a lean purse - Richest Man in Babylon "Guard thy treasures from loss." Stick to the strategy Why did you buy it in the 1st place? Long-term? Dividend? Flip? Be very strict. If you can come up with the money and protect your gold, do so. Avoid breaking rules You cannot pick a top Decide on an exit point before buying Trust your strategy. The market moves in waves. Your play will begin to go against you at some point. Stick to the plan. If you stay in and lose, then your plan was wrong. Revise it Learn to scale out, thus PROTECTING some profit NEW SECTION: Quote of the week \\u201cPlan your trade and trade your plan.\\u201d
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\\nWHAT\\u2019S THE KEY: Learn \\u2192 test \\u2192 \\u201cperfect\\u201d \\u2192 Scale up = $$$
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