Have you ever had your second thoughts when it comes to buying or selling stocks? Are you that kind of investor who decides easily but not sure of the outcome? If yes and you’re frequently having second thoughts when you think it’s time to sell your stocks, let me tell you that that just means “no, not yet.” I’ve experienced that more than once in my trading life already. Days and years passed before I could learn that you should not sell your stocks easily if you really want a good amount of wealth or at least hit your target at the end of the game. Sometimes, you have to trust your instincts and combine it with your knowledge so you would end up choosing the right decision for your money. Let me share with you some reasons why you should not sell your stocks early and when to sell them.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the trainings below.
Stock Smarts Manila — June 15, 16, 22, 23, & 29, 2019
Stock Smarts Iloilo – July 6 & 7, 2019
Stock Smarts Cagayan De Oro – July 20 & 21, 2019
Stock Smarts Hong Kong – August 11, 2019
Stock Smarts UAE – August 30 – September 3, 2019
Stock Smarts Qatar — October 3 – 6, 2019
Stock Smarts Taiwan – November 2, 2019
You should not sell your stocks for something less worthy. Don’t risk all that you build up just because you want to experience selling. That’s not how it works. One of the only three reasons you should sell them is if you’re caught up with an emergency and it’s your only source of funds. But, of course, this should not be your first option when the word “emergency” pops out. Try other alternatives such as peeking at your savings account to see if there’s an amount left that can cover up your emergency expenses, borrowing money from your family, and selling stuff you don’t need.
Ask yourself why you are selling your stocks. Is it because you made a terrible investment decision and the performance of the stocks keeps on falling down? If yes, then that counts as a valid reason. No one’s perfect when it comes to stock trading or investing, even I experienced making bad decisions because of wrong initial stock assessments. If your stocks are performing at a reasonable level but you want to sell your stocks because you want to spend the money on much better stocks, think twice as your judgment may change at any point in time. No one wants losses but you should be careful on what stocks to release and to hold.
Say you have a main goal that’s why you ventured into something challenging like stock trading. One of the only three reasons why you should sell your stocks is when you reach that main goal. Never back out when it is not time yet. Never pull out when you haven’t hit your target. If you sell your stocks too early, you’re throwing away the opportunity to achieve your goal. You’re giving up the chance to ear and grow your money in the most possible way. The bottom line of all this is that as long as you can help your stocks, never sell it for unworthy things.