This is an important investment practice one should abide by strictly. Keep strict targets for yourself and do not hesitate to sell a stock when its price target is achieved, beyond which, it is just over-expectations and market momentum that takes over the stock. Similarly, to look at the other side of this, do not get emotionally attached to a stock. If fundamentals of a company change due to any unforeseen and unpredictable development (like a government policy), get rid of the stock. There is no dearth of investment opportunities in the market.
Labels: Trading rules
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