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Never mind what to buy do you know when to sell?

By |August 5th, 2010|Tags: , , , |

 

Have you ever seen a book written on how to sell stocks?

Only when I consciously set out looking for one did I find one or two. It was a bit like looking for a needle in a haystack full of books on how and when to buy.

Before I go on let me ask you.

Have you ever given the selling of investments any thought, or better still developed a selling strategy?

I also did not until I looked at my buy and sell decisions over a number of years and realised that I made the classic investment mistakes of selling winners too early and hanging onto losers with the hope that they will recover.

Try as I may, I found it really hard to rationally break away from this tendency.

After a lot of research I developed a strict selling strategy which has substantially improved my returns. And I think it will help you too.