re: I Need Advice Selling Individual Stock (update in OP)

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I think he is trying to avoid selling on a day like a couple Monday’s ago when xom dropped several dollars. So yes, selling several thousand shares on that Monday could negatively effect him. Not so bizarre.

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I wasn’t trying to make him feel bad. And I didn’t suggest that he wouldn’t be negatively affected by a down day. But short of a cataclysmic black swan event, it’s quite unlikely that it would affect him for the next 25 years.

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So, I don't want the decision I make on one day to negatively affect the next 25 years of my life

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If I knew of a reliable way to predict the average price of a stock on a given day (especially in these volatile times), I’d be more than willing to share that strategy with him. I know more than a few successful futures traders. But even they can’t do that over time. That’s all I was pointing out.

In building what will be a larger position, I tend to leg in (whether stocks or options). I tend to exit the same way. I hope that helps him.

The baw works for XOM.

I was fishing if someone knew of a planned event which might affect the energy stocks. I didn't know that the labor report came out today. It's higher than expected, and I'm assuming that report has added to the jump in energy stocks this morning. Is that a correct assumption? If I had know the report was out today, and that it would potential affect energy stocks in a more than usual way, I probably wouldn't have sold.
Really guys, I wouldn't be fretting like this if I could make a sell in a small window. This daily average crap puts me on alert until 3pm.

I'd think you have 3 big ole risks...

1. End of war - 10-15% pullback, then resumes upwards?
2. Biden decides to open up some drilling before the election - 10-15%, then resumes upwards?
3. Economy crashes bc of high oil or other factors. 30-35%+?

Daily fluctuations shouldn't be a concern. You need a trade available to sell a good deal at once if #3 happens. Or if #2, then #1 happen in that order.

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I'm not going to sell more than 10% at a time.

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I'd bump up your percentage per sell and hold the other one in my back pocket in case these fools wreck everything.

Don't stray too far from your plan. If you haven't sold in 40 years, I'd guess you've got most of your net worth tied up in this - or at least enough to matter a whole lot.

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yet he doesn't state alternative investments available for the cash or if he can transfer cash from the thrift plan to other accounts.

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Good points. Where to stash the cash?

Does this XOM plan offer short term debt instruments (in XOM) for instance? One of my former employers offered such securities in a similar plan and they were priced at yields well above money market (or high yield savings) rates. I would only go that route if the company is financially sound, because you’re still tied to the same company’s financial health, so you have to assess default risk. But in the case of an XOM, he should be pretty safe.

It’s Exxon, not some cathie wood stock that’s gonna have 15% intraday swings.

No minimum holding period