Author: Dr. David Eifrig, DailyWealth.com

As an investor, having an exit strategy is vital to your success. If you stick to your exit strategy, it can serve as a near-foolproof way to methodically cut your losses and let your winners ride.

You should only consider this for your highest-conviction ideas.

In short, that’s where you want to invest.

If you’re a regular reader, you won’t be surprised to hear that stocks approaching 52-week highs often outperform stocks chosen through other strategies.

In short, buy capital compounders and hold for the long term.