Ep. 60: Andrew Horowitz: Why You Need A Stock Market Exit Plan To Be A ‘Disciplined Investor’
Investing With IBD
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How to Sell Stocks on the Way Up
I've found personally that selling on the way up is the hardest thing for me to do. I had to ride some stocks down 70% initially to really learn like, oh, that's why you have a stop loss. And it also doesn't have to be all or none. So if you're up on that position and you were maybe up 30% after it really started running, you can take more off the table. Or just put in a stop and raise it up as you go. The one thing that investors hate is being wrong. It's true.
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