So when is it the best time to sell your stock? What's going on team, it's ricky here with another video, and this is a question that i get so so often i'm going to ask you a couple of discovery questions, so you can have a better understanding of why i'm saying what i'm saying at the end of The day, i'm a big believer - and you know, there's so many different ways on how to make money in the market. I just want you to understand the why. I don't think that the way that i do things is something that should be done by everyone or that everyone has to see eye to eye with me. But i think that after i explain my thought process, you will understand why i think it's always best to lock and profit big picture.

I'm gon na ask you a very, very simple question and you guys can uh share your your funniest now laughing at it experience down below. I know that i've experienced this first hand, so i don't ever want you to think that the way that i trade or the way that i even started was perfect by any means i've made so many mistakes and with that being said, how many times have you Had a goal of a hundred dollars a day right or a 500 trade, a 1 000 trade you're, so close right, so you're approaching 500 you're like up 480 and you're like 20. More, all i need to do is make 20 dollars more, and i will hit my goal of 500 profit for the day and then guess what happens, of course, because the market is against us right, always we get really close to 500 and then boom. It just crashes, and a simple question to ask yourself is no the market's not against you, but one thing that you have to understand is the amount that you are up or down on.

Your trade is irrelevant to the market right, i'm irrelevant to the market. You're irrelevant to the market. Imagine trading solely based off of how much you're up or down think about it. If you actually think about it, it's actually kind of foolish and i've made this mistake so many times not only have i made this mistake.

Sometimes i do get super excited when i hit those one thousand dollar days that you know i i try to. I try to maybe hold it hold that stock for a little bit longer than i know i should have, and i want to give you a real world example of this uh, so i actually wanted to share this with you um i recently traded airbnb. I made a little bit over a thousand dollars, but i wasn't even paying attention to my p l, which is my profit or loss for the day right. I made 1 100 day trading.

Airbnb actually made this in about seven minutes of trading. For a little back story, airbnb was reporting earnings. If you're part of my learn plan profit 2.0 team, we knew about this earnings report, i don't like trading or holding a stock during earnings. I like trading it right.

My intention is to buy and sell that stock within the same day within a couple of minutes. If anything, why? Well, when a stock reports earnings, if it's good earnings - and it beats expectation and its guidance - is good - the stock can skyrocket right just as the stock can dump one of the main reasons that i don't like holding a stock during earnings. So what i did was i waited for confirmation. Airbnb was having a bullish day.

It was up like four or five percent. Already on the day. I didn't make one penny off of that and right when they reported earnings, the stock began to rise. It was up about two to almost three percent by the time that i entered.

It was already above 185. That's when i took my first hundred share. I then bought more at 186. It hit highs of 194.80, as you guys can see, right and guess what i did.

I decided to lock in profits early allowing me to walk away with 1 100 profit shortly after understanding, based off of my experience that this dock probably wasn't going to hold up here for a very long time, it quickly began to pull back a quick question. You might have as ricky, how did he know that it was going to pull back? I didn't i mean airbnb could have shot up to 200.. All i knew is that airbnb. The only reason that it was going up was due to earnings and, like we've said many times before on this channel, any reaction is an overreaction in the stock market.

So it's definitely something to take into consideration of when something is almost to get to be true and you are up a decent dollar amount within a very short period of time. Sometimes the stocks tend to correct themselves, and then that's where you see these quick pullbacks and again it's going back to the very principle of my intention was not to invest in airbnb right. If i would have invested in them, i would have bought them before they reported earnings. I would have not cared right.

My intention was to day trade. So if my intention was to day trade to get in and get out and make a profit, then why am i going to nickel and dime this stock when it's already at overbought levels it's experiencing and showing signs of a resistance level where it makes sense to Lock in profit, if you're part of my learn plan profit group, you would have seen my entries and my exits for this specific trade in seven minutes, walking away with a thousand dollars profit. It's not because i'm crazy good. This trade could have gone really bad.

I could have held for five or ten more minutes and it would have been back to 186 again. Ask yourself one simple question: looking back based off of your track record, do you feel, like you miss out on stocks by not being invested in them or selling too soon, or do you sometimes not sell soon enough and end up holding the bag, meaning that you Were up but now you're in the red? I knew that in my experience i can easily speak for myself and say: hey. You know i get caught more times holding the bag than i do. Oh man, i should have held a little bit longer at the end of the day.

If i walk away with some profit, i'm a happy camper yeah. It would have been nice to make a couple more bucks, but think about it. What you're trading with right now is not what you could be trading with in the future. So why are you over complicating it? You still made money.

It's still a lesson learned it's something that you can improve on on the next trade. It's all about perspective right, but if you don't lock in profit, you end up holding the bag and you write it all the way back down that will discourage you you'll never get to your future self, where you begin to trade with more money, because you're going To say that the market's rigged, though this is not a market that i want to partake in and you feel like the market's against you again, i felt that way. So it's no different, i'm speaking from my experience. All i ever want you to understand is how important for you to understand your intention.

If your intention is to invest, then invest right, you shouldn't be looking at the day-to-day activity. If your intention is to day trade, then day, trade formulate a plan, entry exit, stop loss, forms of risk management position, size all factors that you take into consideration and you stick to it with proper execution. This is something that you have to hold yourself accountable in doing and again it's something over time when looking back yeah, i could have made a little bit more money, maybe trading airbnb, if i would have held a little bit longer, if i would have bought a Couple of more shares, but i don't want to live my life thinking about what i could have done better in the past, but what i can always improve on in the future. I think that's what's always best and ask yourself again: do you see yourself holding the bag more often than selling early, and if so, then, maybe locking in profits, early and or even for a break, even is an improvement and that's a step in the right direction.

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I hope that you guys can consider subscribing excuse me um. I hope that i earned a thumbs up and, like always, let's make sure that we in the year on our green now take it easy team.