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Best day to sell stocks.
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6 Reasons to Sell a Stock
When to Sell Stocks
How do you decide when it's time to sell a stock? Making money on the stock market involves just two correction decisions: when to buy and when to sell the stock.
Sell too early and you risk leaving gains on the table. Sell too late and your profits could have evaporated.
When to buy and sell stocks for beginnersSavvy investors have sound reasons for deciding when to sell a stock. They may include:
- Selling the stock because they realize it was a mistake to buy it;
- Selling stock to lock in a gain;
- Selling the stock because it has failed to perform as expected;
- Selling the stock because it has met your target price;
- Selling the stock in response to bad news;
- Selling stock to finance an improvement in lifestyle.
Key Takeaways
- Deciding to sell can be trickier than deciding to buy it.
- A combination of intrinsic and extrinsic factors can trigger a stock sale.
- Emotion and human psychology can cloud decision-making when investing in the stock market.
- It's best to set a target price for selling, and stick to it.
1.
Get Rid of Your Mistakes
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