You’ve made your first purchases and now you have some idea what to do with them. While you’re not yet an expert, you should now have enough information to create a basic holding strategy and an exit plan. You understand that you should ride your winners and dump your losers. Having a sensible exit strategy helps you maximize your profits and minimize your investment losses. You’re ready to get into the game. Play well.
- Cutting Your Losses
- Stop Loss Orders
- Stock Exit Strategies: Knowing When to Sell is Important
- Stock Volatility Information
- When to Sell Stocks
- Limit and Stop Orders Video Tutorial
Exercise 1. Create target selling prices for each stock you hold in your virtual account. Use your order history to record your exit strategy and target price.
2. Create Stop Loss orders for each stock you hold in your virtual account.