Should You Buy and Hold a Stock? Do This First...

Before you buy a stock, there are several steps you must take in order to ensure you are following a well thought out investing plan. The first step you need to take is to decide the length of time you should be holding the stock for. Whether you are a beginner day trader, swing trader or investor, the one common dynamic all of these strategies have in common is the requirement of not wanting surprises. If you are in the stock market to be serious and creating a consistent stream of cash flow for yourself, then you need to treat this as a business. Part of being a business owner is avoiding surprises as much as possible. You can have the most well thought out plan for an investment or trade only to then have it all destroyed due to a surprise. Unfortunately, some surprises are unavoidable as there is nothing you can do about them. The good news here is that these are very rare and most wounds caused by surprises can be avoided. How can you avoid surprises that can turn out to be disastrous? That’s what I’ll be showing you in this video. When you have the right tools, this step you should do first will only take a few moments of effort. The added effort requirement is a great return on investment when you compare it with the potential risk of “not good surprise”. Whether you are a beginner or not, when it comes to “should you buy and hold a stock?”, you without doubt need to do this step first....