Here’s a question from an Inner Circle member that raises a key issue about successful investing:
Q: Hello, Pat. I’ve done very well with a lot of your recommendations. In point of fact, some are at or near their all-time highs.
Last week you mentioned that Metro Inc. had risen 1,725.4% for investors who bought it on your advice in 1998. When do you sell a winner like Metro? If you hang on to it, what do you think about using stop-loss orders to lock in those gains? Thanks again.
A: Let me start by pointing out that this question encompasses two separate issues: First, how do you decide when to sell? Second, can stop loss orders help you decide when to sell by making it automatic?
A negative mindset can hurt your profits
How do you decide when to sell? For some investors, the short answer seems to be “By default.”
When you decide to buy a particular stock, it’s usually because you’ve looked it…
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Changes to this Policy
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Legal Notices and Disclaimers
The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
Information presented on this web site or contained in our publications is not an offer, nor a solicitation, to buy or sell any securities referred to on the web site or in the publications. The material is general information intended for recipients who understand the risks associated with an investment in any securities referred to in the publications or on this web site. The Successful Investor has made no determination regarding whether an investment, course of action, or associated risks are suitable for the recipient.
