Buying stocks is easy, but do you have stock selling strategies? Do you consider your exit strategy prior to buying a company? The exit strategy is just as important as the entry strategy. The entry strategy is something everyone considers, but when do you sell?
Here are some reasons for stock selling :
- You made a mistake in judging the company
- The company fundamentals have changed
- A better value or opportunity comes along
- The need for emergency cash
- Too far above intrinsic value