Even if you have good reason to like a particular company, things can sometimes go wrong in the short term. A profit warning, for example, can hit share prices hard. It may be worth selling your shares at this point, with a view to buying them back at a lower price.
Set up a limit purchase order to enable you to buy back in when the price is acceptable. Or, if you just want to keep an eye on it, you can add the share to a watch list. Once you've registered and setup a free practice account, you'll have free access to a watch list.
It's easy to set a target using limits and alerts.
One way of deciding the right time to sell your shares is by setting a target level when you buy them. Setting a target doesn't mean you have to sell, but it does act as a reminder to review the situation.
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