Here's the scenario. You buy a stock for the obvious reason that you believe it will go upwards in the future. Here's the dilemma, the not-so-obvious situation is 'how long' and 'when' is a "justified" time to sell and cut your loses?
Patience is no doubt a virtue and can lead to big profits in the world of the stock market; however, at the same time, unjustified patience can also not only cause you to lose money, but more importantly can waste your valuable time!
When is it "justified" to hang onto your positions, and at what point does it begin to become illogical? Watch this video lesson...
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