Wed 16 Oct
A good day, weather fine, a few frames of snooker, Body Pump class, a few hours of gardening and a couple of hours of ballroom dancing, nowhere near Strictly level, but still good fun.
My neighbour S told me that he's just sold shares in a company and made a 50% profit, and that he's very pleased about that. The only problem is that all his remaining shares are in the red.
Hmm I said, that means you have sold your winner(s) and retained your losers, that's not quite the right way foreward.
So what is the right way? When should you sell your shares? Tomorrow I'll ask you a couple of very simple questions that will hopefully get you thinking about this problem.
There are no right answers or wrong answers, however I've based my sell strategy around my answers to these 2 questons.
Happy Investing
S
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