Wait to sell a stock at its break even point when there is an eruption of unconducive event such as war? But there is absolutely no guarantee that a stock will ever come back. Waiting to break even may seriously erode returns on investment. Cutting losses can be more important for long-term returns. Do not let our emotion get in the way of good judgment.
On the other hand, if a stock breaks through a key resistance level on the upside, it may signal more gains and a higher trading range for the stock, which means it is advisable to sell part of the position rather than all of it, to lock in some profits first.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
