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Do You Know When To Sell Stocks? 4 TIPS TO KNOW (Guest Post)

Do You Know When To Sell Stocks? 4 TIPS TO KNOW (Guest Post)

Selling stocks is easy but knowing WHEN to sell stocks is NOT.

Coronavirus Market Sell-Off: Should You Buy FAANG Stocks Right Now? | The Motley FoolThis post was originally posted here. The writer, James Yeo is a veteran community member and blogger on InvestingNote, with username known as smallcapasia and has 903 followers.

More often than not, amateur investors focus too much on what to buy but don’t have an exit plan in place. They panic for many reasons:

  • The share price goes up too high (should I cash in?)
  • Share price crash to the doldrums (should I cut loss or hold on?)
  • A significant change in business operations (Electronic components Serial System hopped on the Durian selling craze).

Hence, buying a stock at the right price is only one part of a successful investment, knowing when to sell is also critical.

My Selling Mistake

A long time ago, I bought into Facebook when it was trading at ~US$25 shortly after its IPO. I sold it for US$40 to lock in some quick gains, thinking that social media is over-hyped.

It doesn’t take too long for me to realize the mistake as Facebook continues to grow by leaps and bounds after that. And I would have made a 10x bagger (1,000% return!) if I wouldn’t have been so fixated on the short term gains!

Without further ado, here are 4 good tips on knowing when to sell and also to prevent you from repeating my sobering mistake…

1. Deteriorating Fundamentals

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Trump-Kim summit will cost Singapore about $20mil to host ??️

Trump-Kim summit will cost Singapore about $20mil to host ??️

It’s official: Trump-Kim summit will cost Singapore about $20mil to host ??

North Korean leader Kim Jong Un and United States President Donald Trump both touched down in Singapore on yesterday, June 10th.

kim3For a summit that was planned months before.

This summit is significant because this is the very first time both Trump and Kim are meeting each other. This summit also lays out the possibilities that could impact the security of not only the Korean peninsula, but also the rest of the region and world. At this summit, the two leaders are expected to address the complete denuclearisation of the peninsula and possibly declare an end to the Korean War, which has been going on for nearly seventy years.

The summit is the first of its kind, for it is setting in motion a series of events that could have lasting global ramifications.

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trumplee-handshake

Prime Minister Lee Hsien Loong also said that the bill for hosting the historic Trump-Kim summit will come up to about $20 million. He added that this is Singapore’s contribution to an international endeavour that is “in our profound interest”, as cited by The Straits Times.

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