When to sell
In the past I have been notorious for holding stocks for too long. What makes you sell a stock, or at what point do you take gains?πŸ€”

I like finding cheaper stocks, so I tend to think it's not much money, while it actually is a considerable gain percentage wise.

What if it goes up more?πŸ€” It's an odd problem to have i think, most say they are waiting for a dip, feel like I wait too long and miss out on opportunities to cash out and buy something else. πŸ˜…
Christian's avatar
I sell a stock when my thesis changes which hasn’t happened yet lol. I could say when I find something better but as you know I like to keep my portfolio small so I try not to be in a lot of stocks
Nick Garcia's avatar
@christian7621 Only if it changes? πŸ€”
Christian's avatar
@seasnar only if my thesis changes, I know what I own and I block out the noise. Only sell if my thesis changes. Probably not the right approach and others will do technicals and look at the reports and whatever but no only if my thesis changes
Vincent Poy's avatar
Tell me about it. When I first started investing in the mid-1990s, I used to sell and then buy a higher quantity of shares in a lower priced stock and then repeat. In the 2000s, I got lazy and basically take $AAPL for example among other things in my portfolio which I bought at $0.28 in today's prices. It goes to $3.20 which a majority of people would have sold if they have not already sold at any lower price before since that's already a 900% gain. It hits $10.00, one would be crazy not to sell it and then it goes to lifetime highs and has fallen and yet I am still holding it. I mean there is no scenario where I can even do Dollar Cost Averaging as the entire reason for the $0.32 per share and not $0.28 like I originally bought it was the first time they paid dividends, I reinvested the dividends and all that did to the cost average was raised it. So I guess it really depends.
Nick Garcia's avatar
@almighty188 Good point, with my dividend stock I guess I would sell at a higher gain, if at all. I think I would like to do what you did in the mid-90s for my non dividend paying stocks..πŸ˜…
Conor Mac's avatar
I tend to sell when my thesis breaks, or when I think I am wrong about the original thesis. But I don't really optimise for it, I know folks like @richardmoglen or @irish might have a more technical approach, which is maybe what you are looking for.

Stage analysis might be interesting to read up on.
Nick Garcia's avatar
@investmenttalk I can relate to the being wrong part, I do make thesis's but not to an exact amount, I think I was thinking very technically before I made this post haha.

Will give stage analysis a read, thank you my friend!
Irish Born Investor's avatar
@seasnar Stage Analysis May be good for you. There are plenty ways to skin a cat though here is an excellent post by Brandon Beylo on the subject of using technicals for investors: https://t.co/twtGjNtKsA
Nick Garcia's avatar
@irish thank you so much man!!
also thank you conor for tagging irish !
Neil's avatar
For me it's either a thesis changes or I found something much better.
Nick Garcia's avatar
@couch_investor good point! I find lots of stuff I like so that will happen for sure, lol.
Christian's avatar
@seasnar I think that’s when you need conviction the most. Maybe you don’t have enough conviction in your stocks and bounce back and forth stock to stock
Nick Garcia's avatar
@christian7621 i buy too many different stocks, gotta invest in more in what i got atm
Neil's avatar
@christian7621 Yes and no, sometimes I find companies I didn't know about before so I cut an existing position (I rather replace than add) but yes, conviction is one of the most important part
Scoreboard Investor's avatar
We had a good conversation on this topic a few weeks ago. Feel free to check it out!

Nick Garcia's avatar
@scorebdinvestor I think I found the correct post, the link didn't work πŸ€” tons of great conversations there, I actually saved it for later!πŸ˜‚
Scoreboard Investor's avatar
@seasnar yeah, linking @commonstock posts back in the app is a little tricky
Yegor's avatar
After 2020-2021 craze I can say that if I’m up on a stock 50-200% in a day I’m selling … otherwise it depends … thesis change is a big one but also need to not be lazy and do more research whenever something changes
Nick Garcia's avatar
@from100kto1m agreed, can be lazy at times. a quick news check may be all it takes though so its a special lazy πŸ˜‚
Joshua Simka's avatar
@seasnar, what have you determined to be "too long" when it comes to holding? Can you point to any examples when your holding on has worked in your favor?
Nick Garcia's avatar
@tomato "too long" would be my $TOST holdings in my other portfolio, I could have sold my holdings and made $40 but waited and it tanked, now down $40~lol not too bad but missed out. Back in the beginning of 2020 I purchased some dogecoin as my first investment, that was before people were going crazy about it so it was at about .002 and over time I kept buying some every once in a while just as a joke, I was able to sell last year for a good amount and actually helped a lot with some bills. AMC I think was another good moment for me, but I could have made more if I didn't wait as long. Need to discipline my selling better for sure.
Joey Hirendernath's avatar
I will sell a stock when the thesis breaks or when I find that my risk exposure needs to be mitigated. I try to adopt the coffee can approach so constantly selling is something I tend not to do often.
Nick Garcia's avatar
@joeyhirendernath I treat my old portfolio like a coffee can now but not because I chose to 🀣 Thanks for sharing though! πŸ™ I actually never heard this phrase before now!

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