Has this already discounted any slowdown? Is a 40% markdown enough? Is this at an important technical level? My Magic 8-Ball says “Unequivocally So”
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Almost a 20% stop?
Ok, I think I understand a little better your game plan at least with some of these stocks.
You’re clearly not swing trading over a short period of time.
Instead, you’re picking a stock with potential over a longer term than 10 days.
Am I correct?
I saying this this because I noticed that had I stayed with some of my earlier picks with a much larger stop back in June, I would have made money as opposed to being stopped out.
BINGO. someone understands!
I will trade when it makes sense. It hardly does right now…This is called “Position Trading” as opposed to Swing Trading…
Plus, any lower-priced stock is volatile and should either be treated with very tight or “more loose” stops depending on your position strategy. In this case, I am prepared to buy more on weakness below 6. But if it breaks the key support below 5, I’m out.
Scotty B. sending the “kids” to school on position trading. While some chase their tails, others clean up whilst being called “perma-bulls” and “perma-bears”. Nice job. Don’t give up too many “secrets”.