Yeah , an exit framework is important . But analyzing and tweaking the exit framework based on experience in the market is doubly important and in my view should be done atleast yearly on average. Like for example you thought a stock was overvalued and you exited but later on it went 200% up because you may have misanalysed the value (less info or wrong interpretation ) . And thus using this experience to add to the missing piece or tweaking the exit framework so that you don’t miss the next rally in the future. Just my few thoughts on why exit frameworks should have this flexibility
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