I bought some ACCESSCORP and CWG shares on the simulator a few weeks ago when they were trending up, but now I'm watching the prices bounce around every day and I honestly have no clue what triggers a sale. Since this isn't real money, I want to use it to learn the right habits—do experienced folks here look at a specific percentage drop, or are you waiting for company announcements?
How do I know when it's actually time to sell a stock on the NGX simulator?
2 Answers
I'm staring at my own simulator portfolio wondering the exact same thing, especially with how those ACCESSCORP and CWG prices keep jumping around every day! Do experienced folks here usually set a strict percentage drop or gain to trigger a sale, or are you mostly waiting for official company announcements and earnings reports? I really want to use this practice phase to build a solid strategy, so I'd love to know what signs you actually look out for before hitting that sell button.
Omo, watching those daily price swings on the NGX can really test your patience, but that volatility is actually the best classroom for building discipline on the simulator. Instead of reacting to every little red or green candle on ACCESSCORP or CWG, you want to set a rule before you even enter a trade—like taking profit at a specific percentage or deciding how much of a dip you're willing to stomach. Keep an eye on market volume and corporate disclosures too, because waiting for a random "vibe" to sell will just leave you guessing every time the market opens.
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