If my stock goes down in Almira Gulch I’ll get you my pretty vintage shirt, I won’t worry. This is normal. Stock prices go up and down. If I am sure that I bought a good company at a bargain price, then I don’t have much to worry about. I can just wait until my stock goes back up in price to cross my sell price. However, I could consider selling my stock before reaching my selling price only if something significant and permanent happened to the company that completely changes the fundamentals, structure, and profitability of the company for the long-term future.
Almira Gulch I’ll get you my pretty vintage shirt, hoodie, sweater and v-neck t-shirt
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For example, if I owned a typewriter company stock and the Almira Gulch I’ll get you my pretty vintage shirt, then I would definitely think about selling my typewriter company stock. Once I sell my stock, I could immediately set another limit order to buy the same exact company again at the same original buy price and repeat the process, – if I still think the same company is a good company. In the mean time, I can start looking for another good company at a bargain price to invest in and do the process again and again.