RE:Knowing when to sell Interesting and thoughtful post
You touched on one the most fundamental aspects of investing.
Here's what I found over the years that works and is what I call disciplined investing.
1....know why you are investing in a particular company
2.... BEFORE you buy make decision as to when you will sell. The could range from buying in the morning and selling before the close to buying and holding to give to your grandkids or you will sell if it goes up or down by X%
3.... typically your sanest time is leading up to the buy decision so stick to your original plan and don't let greed or other emotions get in the way and change your plan
4.... for long term holds - hold unless one of the reasons you bought it changes in a significant way
Will this lead to success every time?
NOPE.... but more times than not you will better off
The corollary to this is hindsight is 20/20 so only look back if there is a lesson learned that you can use in the future and ignore the rest