Stay on Top of the Company's Fundamentals
Sell When the Fundamentals Have Changed
Keep track of your investments’ situation. Have the company’s products been underperforming lately? Have there been any major changes to the company’s leadership, sales, profit margins, or cash flow? If so, it might indicate that it’s time to sell the stock. Monitoring the company’s news will help you predict a decline in the stock price before it happens. The SprinkleBit’s activity feed is a great place to track this kind of information.
It’s worth looking deep into the company’s financial statements, especially the footnotes. Those are where you can easily spot any issues before they become public knowledge.
Creating news alerts for your company can also help you stay on top of what’s going on. This way, you can stay up to date on any changes and react in the timely manner. At the end of the day, a little extra attention could end up saving you a tremendous amount of money.