there are many strategies you can implement from merely both a technical and/or price action perspective. stop losses are a very popular example, but please keep in mind a stop loss will not protect you in an overnight or over the weekend gap down/black swan type event.i would suggest begin with looking at the genesis of what motivated you to take the position in the first place. has something changed since then, i.e. has the company put on a bunch of new debt on the balance sheet, is there something going on with cash flow, has there been a significant short fall with respect to earnings, has the dividend been cut?once you have ruled out any red flags, it might just be a matter of bad timing. especially present day, prices in the short term can be random as the volatility of the markets go up and down nearly on a daily basis. and in the last year in particular, given how far individual equities have rallied off the djia 6700 bottom, in many cases even large stocks moved up 4X+, things get a little over extended and all it takes is a little pull back to put you in the red pretty quickly. just think back to the price action in the october and the early january pull backs. in less than 5 trading days the djia as of yesterday had dropped something like 700ish points.but for sure, stock picking has become a much more difficult task than it used to be when i started out in the mid 1990's.
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