Thursday, January 28, 2010

How to know when to exit your position?

This started as a quirky post but quickly turned into something probably more useful. I admit the post is based on personal experiences. Luckily, I do not make these mistakes any least not very often ;). Enjoy!

1) It is time to sell find yourself using extra technical indicators on charts to justify holding your position that you didnt use to get into it in the first place!

2) It is time to sell find yourself going to yahoo message boards to see if someone has some positive news that you don't know!

3) It is time to sell find yourself justifying to yourself holding a position for fundamental reasons when you entered it for technical reasons!

4) It is time to sell when.....when you ask an "expert" on twitter or some blog to chart a stock checking for entry when you are already in it!

Let me know if you readers have any other such fun "indicators" and I shall add them.

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