There are a lot of articles that talk about how to get in to the stock market. Which is great. A lot of people want to get in to the stock market but dont know where to start. However once all of these people get in to the market, they need to know how to get out. After all the money you make on the stock is not made when you get in to the market. The money you make on the stock market is made when you get out of the market that is when you sell your stocks. Hopefully you will sell your stocks for a profit and that leaves you with a profit.
So how to get out, while staying on top? Well you need to work with your own stops and limits. What the heck?
You need work with stops and limits, which means that you have a set of stop points and limits. So before you start you need to know where and when you are going to stop.
Its best to set your stops and limits early on, because once your emotions get involved. So for instance if you own a thousand shares in a company that is currently at $2.5 per share. You get excited because the price is steadily rising by a few cents every day. Something tells you to sell when they get to $3. Once it gets to $2.9 you decide...
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