Have patience before selling a profiting stock
Here are the rules I have followed over years. Read on and these might help you as well.
5) Day trade only when market seem to be on a strong bullish course.
Keep the day trade only when it is strongly on the upside.
Best thing is not to day trade and save time for better things.
6) Use the knowledge.
Use the hunches.
Do not sell the hunch stock easily.
7) Never, never use a limit order to sell.
Have patience before selling a profiting stock. If the logical stop is close to market price then put the stop.
By Jay Deb
Commodities
2007-10-22
How To Trade Stocks Without Emotions(9)
Posted by cheahyeankit at 5:01:00 AM
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