By Leanna Kelly How do you know when it’s time to sell a stock? Seasoned investors will have a stock exit strategy ready, to ensure they’re making an informed, strategic sale. A stock exit strategy is a pre-planned set of conditions for exiting a position based on one’s investment goal.
A good exit strategy is far from arbitrary. It’s not solely about saying “I’ll exit the position when the share price reaches $X.” Instead, it’s about making an informed prediction about the behavior of a stock and setting clear criteria for selling it. This depends heavily on your investing strategy. If you’re a …read more
