Everyone knows that buying right stocks at right price is vital in share markets. But, selling stocks at right time is also equally important. You can’t realize profits until you sell your stocks. These proven tips to know best and right time to sell stocks can really help you.
Stock analysts, brokers & investment managers are often interested in providing stock buying tips. They usually ignore advises for selling stocks. You can’t completely rely on them to know when to sell stocks.
According to a post published in Investopedia, buying stocks at right price is vital as it determines the profit gained. But, selling at the right price guarantees the actual profit, if any.
You can’t buy & hold even quality stocks for indefinite amount of time. There are certain occasions when you need to sell even outperforming stocks for various reasons.
You need to develop your own strategies or price targets to sell stocks. Here are 15 proven tips to know best and right time to sell stocks:
[You can also watch an exciting video on this post from GetUpWise channel on YouTube.]
(1) Rapid Price Appreciation
It is one of the most wonderful & proven tips to know best and right time to sell stocks. Stock markets are highly speculative in nature. These speculations can quickly drive the stock price on either side.
It is always possible that upon buying a stock, its stock price may appreciate rapidly in short period of time. You should never consider such quick rise as affirmation that you are smarter than overall market.
However, it will be a wise decision to book profits in such rapidly rising stocks and move on. It will be much better if the stock again declines after some time to give you an opportunity to buy again.
But, if still the stock continues to appreciate after selling then take comfort in old saying “no one goes broke booking a profit”. You should start looking for another good opportunity rather then regretting yourself.
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