Hello all! I have shares in a stock currently valued at 40. If it were to rise to 60, I'd be happy with selling all my shares for the profit. I don't have time to be following the market all day so a limit order seems to make sense. However, I'm wondering if this is a wise decision, or if I would be better off just holding onto the shares.
I'd like to put a down payment on a house (lol good luck…) in a few years, so this isn't a long-term investment for retirement, more like a 3-5 year goal.
Obviously if I expect the value of a company to continue to rise I should hold onto the shares, but none of us have a crystal ball. So is putting in a limit order the best choice? I'd like to hear from the experiences of people who've used limit orders a lot (positive and negative).
Thanks!
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