What's up, y'all? Today, I want to share one of my golden rules when it comes to investing: knowing when to sell stocks. I learned this lesson the hard way so I figured I would share it here. So let's dive in! The Importance of Taking Profits One of my fundamental rules is to take profits when a stock experiences abnormal gains. Now, I don't mean that gains should be abnormal—I expect stocks to increase in value over time if I've done my research right. However, it's essential to remember that along the way, we need to secure our profits. I learned this lesson during the pandemic with a company I had great hopes for—Cerence Technology.
When to Sell Stocks: Learning from my mistakes
When to Sell Stocks: Learning from my…
When to Sell Stocks: Learning from my mistakes
What's up, y'all? Today, I want to share one of my golden rules when it comes to investing: knowing when to sell stocks. I learned this lesson the hard way so I figured I would share it here. So let's dive in! The Importance of Taking Profits One of my fundamental rules is to take profits when a stock experiences abnormal gains. Now, I don't mean that gains should be abnormal—I expect stocks to increase in value over time if I've done my research right. However, it's essential to remember that along the way, we need to secure our profits. I learned this lesson during the pandemic with a company I had great hopes for—Cerence Technology.