Forget Your Cost Price!

A successful sale does not necessarily mean a profit. It can, under some circumstances, equally mean a deftly timed exit that prevents a loss or a greater loss from developing. A good sale point is a time/price combination on the stock's historical chart which, when viewed in high sight, evokes the reaction, "Wow, that sure was a good exit point right there!" The successful sale point is therefore, defined only in terms of what occurs after it in time --- not at all in terms of the historical fact of the owner's related purchase price.

A Good sale is a good sale, whether it gives a small or large gain, breakeven or nets a loss.