how do you know when to sell?

[smallfil]

You never know how far a stock will go up or down. There is no too high or too low of a price. Personally, if I am looking to get out, I will sell into strength. Just common sense. When you wait for a pullback, you are giving up your profits and maybe, a huge chunk of it at the very exact time everyone else is going out and selling. Granted, the stock could go lower then, zip higher. I know it has happened to me. You can always re-enter the trade. If it drops as expected, you got out at favorable prices.

 

[Paulsy]

Applying the Entry and Exit strategy will benefit you in this case. An entry point is the price level at which you decide to open a buy or sell position. In contrast, an exit point refers to the price level at which you need to close your trade.

Determining when to enter or exit a trade is a complementary step in your money management process and an essential element in developing a successful trading plan.

 

[HolyGrailSeeker]

You can't ever find the top, you make money getting the bulk of it. You can always sell incrementally rather than all in one shot.

 

[Syzmon]

Sell when there is pressure building of buying and look for bearish patterns of candlesticks too at the top.

 

[Dr_Trade]

Agreed, most of the traders wait for the exact confirmation of exiting the position but the truth is that you will barely get that and eventually adjusting again the TP

 

[mute9003]

I get stuck alot in " i should wait for when it goes my way" or in other words.
I buy then there is a small profit of few 100 bucks
But i feel like it might go higher
Then it usually does fake breakout and starts a long ass downtrend.
I dont know how i consistently manage to buy right before the last fake breakout..
i know i have a wrong programm running somewhere that stops me from taking small profits
I dont know if its fomo or something else

 

[SunTrader]

The fish (i.e. profit) that get away are always bigger.

Makes a good story/good excuse.

 

[deaddog]

I get stuck alot in " i should wait for when it goes my way" or in other words.
I buy then there is a small profit of few 100 bucks
But i feel like it might go higher
Then it usually does fake breakout and starts a long ass downtrend.
I dont know how i consistently manage to buy right before the last fake breakout..
i know i have a wrong programm running somewhere that stops me from taking small profits
I dont know if its fomo or something else

Eventually you'll be right. All you have to do is keep your capital. Don't let your losers get away from you.