No. of Recommendations: 0
Hi - Let's say I have a stock that has performed well and I've held it for a couple of years. It's made a double and then some. I'd like to hold it longer to see if it keeps climbing, but don't want to lose the gains I have. So if I place a limit order to sell at say 10% less than it's current value, will that cause the value to drop because someone sees a cheap buy opportunity? Is that a good plan to protect value earned? I've had stocks that I've held long term only to see a bad month wipe out years of gains. How long do you keep a stock that has performed well and what signs tell me to dump it?
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.