| The decision to buy a stock is a lot easier than | | | | initial price when you first bought it. Now, it would |
| knowing when is the best time to sell it. This is true | | | | need to go up 100% in order for you to break-even. |
| especially when you talk to a stockbroker. They will | | | | That is very unlikely to happen. Get out before it is |
| never hesitate to tell you to buy a stock, but when | | | | too late. |
| it comes time for you to think about selling it, they | | | | - You should sell when the stock has been stagnant |
| are never too sure how to answer that. | | | | for months. You are not making any money if it is |
| What your stockbroker would generally tell you is, | | | | getting no where. It is your money so you can look |
| "Not too sure if it is a good idea to sell now. I think | | | | for other choices in the market that can help you |
| the stock will go up a lot higher in a week or two" or | | | | profit. |
| "Just wait a little longer because you will make a | | | | - Do not wait for the "peak" because you can never |
| bigger profit." | | | | predict how the stock will perform later on. Just |
| Here, I will give a few pointers on when to sell | | | | because you are not losing money does not mean |
| stocks: | | | | you should keep it. This is a common mistake, and a |
| - The problem with a lot of beginners is that they do | | | | lot of people regret selling early. It is always better |
| not know when to cut their losses. They continue to | | | | to sell early than to get out too late. Never look back |
| hold on to the stock because maybe someday it will | | | | about why you didn't stay in longer. Move on to the |
| break-even. Let's say the stock is down 50% of it's | | | | next trade. |