Thanks. m good with it. I stuck with what I originally set up as my plan. I was actually on the golf course, did not have stops in, but had a copy of my spreadsheet so I’d remember what the stops were. I checked prices every hole (not a great thing to do on the go,f course). When it hit, I sold, i didnt think. so yeah, I think I did the right thing.
A quick glance at those charts leads me to believe you're employing some sort of "trend joining" strategy: finding a stock in an uptrend and hopping on board hoping the trend continues. Is that pretty close to accurate? Otherwise those names just look kinda random to me.
Seems like this is all working the way it’s supposed to. I got stopped out of volatility and I’m left holding UNH, and MRK. Which is fine.
At least for a couple more days. I've often said I'd rather be in cash when the market went up than be in stocks as the market goes down. Practicing patience can be difficult.
I actually said this to my wife today. When I told her I reduced equity in our long term portfolio from 59% to 35-36%. (Even 50% is low for me). market isn’t taking off anytime soon , IMO, if I miss a technical/short covering bounce, I. Ok with it.
Bought 170 shares KHC @ $42.98. Stop @$37 Strong chart, stock has pulled back a little, earnings out of the way as of today. Stop at support (daily time frame). Close to multi year breakout. from this point in, I will limit loss @Stop to 1% of capital, until I feel I’m starting to have a clue what I’m doing.
It's one of my holdings. Took 1/2 off at initial target (40.40) and letting the rest run.Trailing a stop below the 10ma.