When to Cut Your Losses?

#1 - May 19, 2013, 12:29 p.m.
Blizzard Post

This is a broad question, so bear with me:

I’ve got a few longer term investments on some low volume items. I’m worried that I set my prices too high and that no one will purchase my listings. No one has undercut me, but, then again, these are low volume.

Do any of you have any general guidelines for how to evaluate when to take an item down from the TP?

Thanks in advance for any help.

#4 - May 20, 2013, 12:02 p.m.
Blizzard Post

I always recommend to people when getting into investing of any kind to define your outs before you invest. Pick numbers for profit and loss and time early and stick to them.