Should I sell a stock?
If you're nervous about whether you should sell a stock, or if you aren't sure when to sell it, you can always choose to sit and wait. You should never feel an obligation to sell a stock, and holding on to a position for the long term can be a great investment strategy.
How do I sell a stock when it drops?
You want to sell if a stock drops to or below a certain price. A combination of a stop order and a limit order: A limit order is executed if your stock drops to the stop price, but only if you can sell at or above your limit price. You want to sell if a stock drops to a certain price, but only if you can sell for a minimum amount.
Can you sell a stock for $40?
You may sell for $40, slightly more or slightly less — stock prices can fluctuate in the time it takes to place and execute the order. The risk: Your stock could sell at any price, with no restrictions. You set a limit price and the order will execute only if the stock is trading at or above that price.