You Gotta Know When To Hold 'Em, And Know When To Fold 'Em

Kenny Rogers once sang “You got to know when to hold 'em, know when to fold 'em, know when to walk away and know when to run. ” The hardest question I’m asked on BNN and at my speaking engagements is “How do you know when to sell?” The answer is hard to give because of the many different circumstances that might merit selling a position. Stocks tend to fall much quicker than when they are climbing in an uptrend. The Wall Street adage “Stocks take the...